Trulieve Cannabis Corp. (NYSE:TRLV – Get Free Report) CEO Kim Rivers sold 136,811 shares of Trulieve Cannabis stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $8.76, for a total value of $1,198,464.36. Following the sale, the chief executive officer directly owned 1,476,913 shares in the company, valued at $12,937,757.88. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Trulieve Cannabis Trading Up 4.8%
NYSE:TRLV traded up $0.41 during mid-day trading on Friday, hitting $8.93. 1,586,171 shares of the company’s stock were exchanged, compared to its average volume of 584,527. Trulieve Cannabis Corp. has a fifty-two week low of $3.50 and a fifty-two week high of $13.28.
Analyst Ratings Changes
TRLV has been the subject of a number of analyst reports. Zacks Research upgraded Trulieve Cannabis to a “hold” rating in a research report on Thursday, June 18th. Weiss Ratings assumed coverage on shares of Trulieve Cannabis in a research report on Tuesday, June 16th. They issued a “sell (d-)” rating on the stock. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trulieve Cannabis presently has a consensus rating of “Reduce”.
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.
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