Trulieve Cannabis (NYSE:TRLV) CEO Kim Rivers Sells 400,000 Shares of Stock
by Jessica Moore · The Cerbat GemTrulieve Cannabis Corp. (NYSE:TRLV – Get Free Report) CEO Kim Rivers sold 400,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $8.17, for a total value of $3,268,000.00. Following the sale, the chief executive officer directly owned 1,913,724 shares in the company, valued at $15,635,125.08. The trade was a 17.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Trulieve Cannabis Stock Performance
TRLV stock traded up $0.06 during mid-day trading on Thursday, reaching $8.56. The company had a trading volume of 2,007,316 shares, compared to its average volume of 576,130. Trulieve Cannabis Corp. has a 52 week low of $3.50 and a 52 week high of $13.28.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Weiss Ratings began coverage on Trulieve Cannabis in a research note on Tuesday, June 16th. They issued a “sell (d-)” rating on the stock. Zacks Research upgraded Trulieve Cannabis to a “hold” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.
View Our Latest Report on Trulieve Cannabis
About Trulieve Cannabis
Trulieve Cannabis Corp. is a vertically integrated cannabis company focused on the cultivation, processing, and retail sale of medical and adult-use cannabis products. The company offers a range of products that may include flower, pre-rolls, concentrates, edibles, vape products, and topicals through its dispensary network and branded product portfolio.
Trulieve’s operations have been centered primarily in the United States, with a strong presence in Florida and additional markets in other states where cannabis is legally regulated.