Thumzup Media Corporation (NASDAQ:TZUP) CEO Robert A. Steele Sells 2,500,000 Shares

Thumzup Media Corporation (NASDAQ:TZUP - Get Free Report) CEO Robert A. Steele sold 2,500,000 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $0.50, for a total value of $1,250,000.00. Following the completion of the transaction, the chief executive officer directly owned 602,000 shares of the company's stock, valued at approximately $301,000. This trade represents a 80.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Thumzup Media Stock Performance

Shares of NASDAQ TZUP traded down $0.96 during midday trading on Friday, hitting $9.81. 513,578 shares of the company's stock traded hands, compared to its average volume of 157,821. Thumzup Media Corporation has a 1 year low of $2.02 and a 1 year high of $13.44. The stock has a market capitalization of $94.96 million and a price-to-earnings ratio of -14.43. The firm has a fifty day moving average of $7.84 and a 200 day moving average of $5.16.

Thumzup Media (NASDAQ:TZUP - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.22) EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Thumzup Media from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

Institutional Investors Weigh In On Thumzup Media

An institutional investor recently raised its position in Thumzup Media stock. Kestra Private Wealth Services LLC grew its position in Thumzup Media Corporation (NASDAQ:TZUP - Free Report) by 195.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,300 shares of the company's stock after purchasing an additional 26,000 shares during the quarter. Kestra Private Wealth Services LLC owned approximately 0.41% of Thumzup Media worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Thumzup Media Company Profile

Thumzup Media Corporation is a provider of social media branding and marketing solutions which allow businesses and brands to pay customers and fans cash through Venmo and PayPal for their posts on social media. Thumzup Media Corporation is based in Los Angeles, CA.