Slide Insurance (NASDAQ:SLDE) Stock Price Down 6.2% - Here's Why

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

Slide Insurance Trading Up 4.9%

Insider Activity at Slide Insurance

In other Slide Insurance news, Director Stephen L. Rohde sold 11,082 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $15.81, for a total value of $175,206.42. Following the completion of the sale, the director directly owned 9,335 shares of the company's stock, valued at $147,586.35. The trade was a 54.28% 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 Robert Gries, Jr. sold 358,457 shares of the business'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 transaction of $5,667,205.17. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 427,482 shares of company stock valued at $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”).