PSMT - Massive Insider Trade At Pricesmart | Benzinga
Disclosed on May 15, JOHN HILDEBRANDT, President and COO at Pricesmart (NASDAQ:PSMT), executed a substantial insider sell as per the latest SEC filing.
What Happened: HILDEBRANDT's decision to sell 2,220 shares of Pricesmart was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the sale is $186,716.
The latest market snapshot at Wednesday morning reveals Pricesmart shares up by 0.41%, trading at $86.37.
Get to Know Pricesmart Better
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.
Financial Insights: Pricesmart
Positive Revenue Trend: Examining Pricesmart's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.11% as of 29 February, 2024, showcasing a substantial ...