Slide Insurance (NASDAQ:SLDE) Trading Down 6.2% - Should You Sell?

Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report)'s share price dropped 6.2% during trading on Monday . The stock traded as low as $19.30 and last traded at $19.37. Approximately 249,134 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,969,773 shares. The stock had previously closed at $20.65.

Slide Insurance Stock Up 1.4%

Insider Buying and Selling

In other news, Director Robert Gries, Jr. sold 358,457 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $15.81, for a total value of $5,667,205.17. Following the completion of the transaction, the director directly owned 2,031,265 shares of the company's stock, valued at $32,114,299.65. This represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen L. Rohde sold 11,082 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $15.81, for a total transaction of $175,206.42. Following the sale, the director owned 9,335 shares of the company's stock, valued at $147,586.35. This trade represents a 54.28% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 427,482 shares of company stock worth $6,758,490.

About Slide Insurance

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”).