Shares of Revolve Group (NASDAQ:RVLV) gapped up before the market opened on Friday . The stock had previously closed at $42.05, but opened at $40.40. Revolve Group shares last traded at $40.40, with a volume of 20843 shares trading hands.
In other news, insider Michael Mente sold 1,352,942 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $18.00, for a total transaction of $24,352,956.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jennifer Baxter Moser sold 9,927,585 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $18.00, for a total transaction of $178,696,530.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,195,238 shares of company stock worth $381,514,284.
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Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.
Further Reading: Cash Flow
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