IMXI - Board Member Of IntL Money Express Makes $2.06M Sale | Benzinga
It was reported on December 6, that John Rincon, Board Member at IntL Money Express (NASDAQ:IMXI) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Rincon sold 100,000 shares of IntL Money Express. The total transaction amounted to $2,057,000.
At Thursday morning, IntL Money Express shares are down by 0.0%, trading at $20.43.
About IntL Money Express
International Money Express Inc is a processor of money transfer services in the USA to the Latin America corridor (LAC). The company offers services in approximately 50 states and Latin American countries. Computer and telephone-based options are available for convenient wire transfers. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services primarily between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.
IntL Money Express's Economic Impact: An Analysis
Revenue Growth: IntL Money Express's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a ...