Off The Hook Ys (NYSEAMERICAN:NXB) Stock Price Down 5.2% – Here’s What Happened

Off The Hook Ys Inc. (NYSEAMERICAN:NXB)’s stock price dropped 5.2% during trading on Wednesday . The company traded as low as $2.17 and last traded at $2.18. Approximately 14,670 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 63,624 shares. The stock had previously closed at $2.30.

Off The Hook Ys Trading Down 4.2%

The company’s fifty day moving average price is $2.67.

Insider Transactions at Off The Hook Ys

In related news, CEO Brian John sold 120,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $2.41, for a total value of $289,200.00. Following the completion of the transaction, the chief executive officer owned 1,133,350 shares of the company’s stock, valued at approximately $2,731,373.50. This trade represents a 9.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Jason Daniel Ruegg sold 475,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $2.00, for a total transaction of $950,000.00. Following the completion of the transaction, the chairman directly owned 10,775,000 shares of the company’s stock, valued at approximately $21,550,000. The trade was a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 600,000 shares of company stock valued at $1,252,400.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of Off The Hook Ys in the 4th quarter valued at about $35,000. Geode Capital Management LLC bought a new stake in Off The Hook Ys in the fourth quarter worth about $42,000. Millennium Management LLC bought a new stake in Off The Hook Ys in the fourth quarter worth about $52,000. Finally, HRT Financial LP bought a new stake in Off The Hook Ys in the fourth quarter worth about $58,000.

Off The Hook Ys Company Profile

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.