Thumzup Media Corporation (NASDAQ:TZUP - Get Free Report) CEO Robert A. Steele sold 2,500,000 shares of the stock in a transaction on 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 sale, the chief executive officer owned 602,000 shares of the company's stock, valued at approximately $301,000. This represents a 80.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Thumzup Media Stock Performance
Shares of NASDAQ:TZUP traded down $1.14 during midday trading on Wednesday, hitting $11.23. 317,190 shares of the stock were exchanged, compared to its average volume of 149,196. Thumzup Media Corporation has a 52-week low of $2.02 and a 52-week high of $15.93. The business's fifty day simple moving average is $7.55 and its two-hundred day simple moving average is $5.03. The company has a market capitalization of $106.75 million and a PE ratio of -16.99.
Thumzup Media (NASDAQ:TZUP - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.22) earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On Thumzup Media
A hedge fund recently raised its stake in Thumzup Media stock. Kestra Private Wealth Services LLC raised its stake in shares of Thumzup Media Corporation (NASDAQ:TZUP - Free Report) by 195.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,300 shares of the company's stock after buying an additional 26,000 shares during the period. Kestra Private Wealth Services LLC owned 0.41% of Thumzup Media worth $159,000 at the end of the most recent quarter.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered Thumzup Media from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.
Read Our Latest Research Report on TZUP
About Thumzup Media
(
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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.
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