Insider Selling: Via Renewables (NASDAQ:VIA) Director Sells 388,645 Shares of Stock

Key Points

• Nechemia Jacob Peres, a director at Via Renewables, sold 388,645 shares of the company's stock for approximately $16.75 million, resulting in a 98.37% decrease in his ownership.
• Following the sale, Peres retained 6,425 shares valued at around $276,917.50.
• Via Renewables' shares opened at $51.48, with a twelve-month high of $56.31 and a market cap of $372.35 million.

Via Renewables, Inc. (NASDAQ:VIA - Get Free Report) Director Nechemia Jacob Peres sold 388,645 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $43.10, for a total value of $16,750,599.50. Following the transaction, the director owned 6,425 shares of the company's stock, valued at $276,917.50. The trade was a 98.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Via Renewables Stock Performance

Shares of VIA stock traded up $2.39 on Friday, hitting $50.55. 464,847 shares of the stock were exchanged, compared to its average volume of 917,525. The company has a current ratio of 2.34, a quick ratio of 2.32 and a debt-to-equity ratio of 1.64. Via Renewables, Inc. has a one year low of $43.50 and a one year high of $56.31.

Via Renewables Company Profile

Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.