El Pollo Loco (NASDAQ:LOCO) Major Shareholder Sells 100,000 Shares
MarketBeat
El Pollo Loco Holdings, Inc. (NASDAQ:LOCO - Get Free Report) major shareholder Sardar Biglari sold 100,000 shares of the firm's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $16.58, for a total value of $1,658,000.00. Following the completion of the sale, the insider directly owned 3,800,000 shares of the company's stock, valued at $63,004,000. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
NASDAQ:LOCO
