According to the SEC Form 4 disclosure, Beneficient's Director GWG Wind Down Trust sold 479,511 shares and 106,703 shares of common stock on September 6, 2024, and September 9, 2024, respectively. The shares were sold at $2.93 and $1.75 per share. The total amount of shares sold is 586,214. Intensive selling could imply that the management perceives the stock as overvalued, warranting investor attention.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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