Recent regulatory filings have brought to light a significant insider transaction involving Choice Hotels International, Inc. (NYSE:CHH). Simone Wu, the company’s Senior Vice President, recently executed a substantial sale of company stock.
According to the details, Ms. Wu sold a total of 8,080 shares of Choice Hotels stock. This transaction took place on Monday, February 2nd, with the shares being sold at an average price of $101.56 per share. The cumulative value of this sale amounts to an impressive $820,604.80.
Following this transaction, SVP Simone Wu’s ownership in Choice Hotels International now stands at 48,803 shares. Insider sales can be interpreted in various ways by investors, often sparking discussions about a company’s near-term outlook or an executive’s personal financial planning. While it’s a noteworthy event, it’s common for executives to diversify their portfolios or realize gains from their compensation packages.
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