PSMT - Sell Alert: Francisco Velasco Cashes Out $112K In Pricesmart Stock | Benzinga
Francisco Velasco, EVP at Pricesmart (NASDAQ:PSMT), executed a substantial insider sell on July 18, according to an SEC filing.
What Happened: Velasco's recent move involves selling 1,298 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 $112,926.
The latest market snapshot at Thursday morning reveals Pricesmart shares down by 0.71%, trading at $89.93.
Unveiling the Story Behind Pricesmart
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.
Understanding the Numbers: Pricesmart's Finances
Revenue Growth: Over the 3 months period, Pricesmart showcased positive performance, achieving a revenue growth rate of 12.11% as of 31 May, 2024. This reflects a substantial ...