Steven Madden , Ltd. (NASDAQ: SHOO ) director Peter Allan Davis has recently sold a portion of his holdings in the company. The transaction involved the sale of 400 shares of common stock at an average price of $43.
2929, totaling over $17,317. The shares were sold on May 29, 2024, with prices ranging from $43.2905 to $43.
3150. Following the sale, Davis's ownership in Steven Madden stands at 8,257 shares of common stock. The transaction was disclosed in a regulatory filing with the Securities and Exchange Commission.
The company, known for its footwear and fashion accessories, has not made any official statement regarding this sale. Investors often keep an eye on insider transactions as they can provide insights into the company's performance and the confidence level of its executives and directors. The sale by Davis comes without any accompanying news from the company that might explain the decision to reduce his position.
Steven Madden, based in Long Island City, New York, has been a staple in the fashion industry, particularly known for its trendy shoes and accessories. The company has a broad presence in retail and wholesale channels, and its stock performance is closely watched by investors interested in the consumer goods sector. For further details on the transaction, interested parties can refer to the full filing available on the Securities and Exchange Commission's website.
InvestingPro Insights Steven Madden, Ltd. (NASDAQ:SHOO) has recently been in the spotlight due.
