Yan Yin, the Chief Executive Officer of Bio Essence Corp (NASDAQ:BIOE), has recently sold a significant portion of the company's common stock. According to a recent SEC filing, Yin executed three separate transactions involving the sale of Bio Essence shares, totaling $455,191.
The transactions took place over three consecutive days. On October 28, Yin sold 140,000 shares at a price of $2.482 per share. The following day, October 29, he sold an additional 40,000 shares at $0.643 per share. Finally, on October 30, he sold 143,845 shares at $0.57 per share.
Following these transactions, Yin's direct ownership in Bio Essence stands at 82,123.95 shares. These sales represent a significant reduction in his holdings, as indicated in the filing.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on Bio Essence Corp's (NASDAQ:BIOE) financial situation, providing context to CEO Yan Yin's recent stock sales. The company's stock has taken a significant hit recently, with a one-week price total return of -17.35% as of the latest data. This short-term decline is part of a broader trend, as BIOE has seen a staggering -92.44% one-month price total return.
Despite the company's revenue growth of 24.92% over the last twelve months as of Q3 2024, Bio Essence faces challenges. An InvestingPro Tip highlights that the company suffers from weak gross profit margins, which could be a concern for investors. This is particularly noteworthy given that the company's gross profit margin stands at 82.43% for the same period, suggesting that other factors may be impacting overall profitability.
Another InvestingPro Tip indicates that the stock's valuation implies a poor free cash flow yield. This insight, combined with the company's negative operating income margin of -209.24%, may provide some context for the CEO's decision to sell a portion of his holdings.
For investors seeking a more comprehensive analysis, InvestingPro offers 8 additional tips for Bio Essence Corp, which could provide valuable insights into the company's financial health and future prospects.
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