PSMT - Insider Selling: Sherry Bahrambeygui Unloads $130K Of Pricesmart Stock | Benzinga
Disclosed on May 2, Sherry Bahrambeygui, Board Member at Pricesmart (NASDAQ:PSMT), executed a substantial insider sell as per the latest SEC filing.
What Happened: Bahrambeygui's recent move involves selling 1,569 shares of Pricesmart. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value is $130,270.
In the Friday's morning session, Pricesmart's shares are currently trading at $82.02, experiencing a down of 0.0%.
Discovering Pricesmart: A Closer Look
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
Pricesmart's Economic Impact: An Analysis
Revenue Growth: Pricesmart's revenue growth over a period of 3 months has been noteworthy. As of 29 February, 2024, the company achieved a revenue growth rate of approximately 13.11%. This indicates ...