In a recent transaction, Charles M. Lyon, the Subsidiary President and CEO of StoneX Group Inc. (NASDAQ:SNEX), sold a significant number of shares in the company. The transactions, which occurred on May 17 and May 20, 2024, involved the sale of 9,637 shares of common stock, resulting in a total value of approximately $721,854. The average selling price for the shares ranged between $74.0151 and $75.5399.
In addition to the sales, Lyon also acquired shares through the exercise of options on the same dates. On May 17, he acquired 5,621 shares, and on May 20, he acquired another 4,016 shares, both at a price of $30.00 per share. The total amount spent on these purchases was $289,110.
Following these transactions, Lyon's ownership in StoneX Group Inc. stands at 61,557 shares of common stock. The details of the average prices and the number of shares sold at each separate price can be provided upon request, as indicated by the footnote in the SEC filing.
StoneX Group Inc. is a company incorporated in Delaware, operating in the securities and commodities brokerage industry. The transactions by the subsidiary president and CEO may be of interest to investors, as they reflect changes in insider holdings of the company's stock.
InvestingPro Insights
As StoneX Group Inc. (NASDAQ:SNEX) sees notable insider transactions, investors may also be interested in the company's current financial standing and market performance. StoneX Group is recognized as a prominent player in the Capital Markets industry, and according to recent data from InvestingPro, the company's market capitalization stands at $2.35 billion.
InvestingPro Data reveals that StoneX Group is trading at a P/E ratio of 9.67, with an adjusted P/E ratio for the last twelve months as of Q2 2024 at 9.88. While the company's gross profit margins appear weak at 2.17%, it is worth noting that StoneX has been profitable over the last twelve months. In terms of revenue, the company has seen a growth of 13.04% in the last twelve months as of Q2 2024, indicating a positive trajectory in its financial performance.
Among the InvestingPro Tips, two are particularly noteworthy in light of the insider sales. Firstly, analysts anticipate a sales decline in the current year, which may be an influential factor for investors considering the recent insider transactions. Secondly, StoneX Group does not pay dividends to shareholders, which could influence the investment strategy of those seeking regular income from their investments.
For investors looking for a deeper dive into StoneX Group Inc.'s financials and market performance, the InvestingPro platform offers additional insights. Currently, there are 9 further InvestingPro Tips available for StoneX Group, which can be accessed by subscribing to the service. Interested readers can take advantage of an exclusive offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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