Reformation Inc. (NYSE:REF – Get Free Report) major shareholder Scsp Refo sold 2,987,199 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $13.95, for a total value of $41,671,426.05. Following the transaction, the insider owned 29,091,749 shares in the company, valued at $405,829,898.55. The trade was a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Reformation Trading Down 4.2%
Shares of REF opened at $16.13 on Wednesday. Reformation Inc. has a one year low of $14.70 and a one year high of $17.26.
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