Medline (NASDAQ:MDLN) Major Shareholder Sells 1,688,690 Shares of Company Stock
MarketBeat
Medline (NASDAQ:MDLN - Get Free Report) major shareholder Private Ltd Gic sold 1,688,690 shares of the firm's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $35.78, for a total transaction of $60,421,328.20. Following the transaction, the insider directly owned 18,542,793 shares of the company's stock, valued at approximately $663,461,133.54. This trade represents a 8.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
NASDAQ:MDLN
