GES - Guess 10% Owner Trades $14.13M In Company Stock | Benzinga
Revealing a significant insider sell on December 27, MAURICE MARCIANO, 10% Owner at Guess (NYSE:GES), as per the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that MARCIANO sold 600,000 shares of Guess. The total transaction amounted to $14,131,440.
In the Wednesday's morning session, Guess's shares are currently trading at $23.86, experiencing a down of 0.4%.
Get to Know Guess Better
Guess? Inc designs, markets distribute, and licenses contemporary apparel and accessories that reflect European fashion sensibilities under brands including Guess, Marciano, and G by Guess. The company has five reportable segments namely Americas Retail, Americas Wholesale, Europe, Asia, and licensing. It generates maximum revenue from the Europe segment.
Guess: A Financial Overview
Revenue Growth: Guess's revenue growth over a period of 3 months has been noteworthy. As of 31 October, 2023, the company achieved a revenue growth rate of approximately 2.8%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Interpreting Earnings Metrics:
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