According to an SEC filing, MariMed (OTCQB:MRMD) director Thomas Kidrin sold 100,000 shares of the MRMD stock earlier in May.
There were two transactions made on the 1st and 2nd of the month, for 70,000 and 30,000 respectively when MRMD stock was valued at just over $3.
Should this of concerned investors?
MRMD StockThe transactions were made at approximately the same time that shares took a sudden 9% dip at the end of April—MRMD stock fell from $3.32 to $3.05 in two days.
It’s probable that Kidrin’s sale may ...
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