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In a recent transaction, Jean-Michel Rivieras, Chairman and CEO of Silvamo Corporation (NYSE:SLVM), sold 12,225 shares of the company's common stock. The transaction took place on March 18, 2024, and the shares were sold at a price of $57.1954 per share, for a total sale price of approximately $699,213.
As a result of this sale, Rivieras' direct holding in Silvamo after the transaction was adjusted to 132,275.74 shares. It is not uncommon for executives to sell some of their stock holdings to manage their personal finances, and such sales are regularly disclosed to maintain transparency with investors and regulators. Masu.
Sylvamo Corp is headquartered in Memphis, Tennessee and operates in the paper industry. The Company's stock is publicly traded and is subject to the reporting requirements of the Securities and Exchange Commission.
Investors often focus on insider transactions because they can glean from management's confidence in a company's future performance. However, these transactions can occur for a variety of reasons and may not necessarily indicate a change in the company's prospects.
Transaction details have been formally filed with the SEC and are available to the public for consideration. No additional comments or footnotes have been provided regarding this sale at this time.
Investment Pro Insights
Following the recent stock sale by Jean-Michel Rivieras, chairman and CEO of Silvamo Inc. (NYSE:SLVM), investors are interested in the company's financial health and stock price performance. maybe. Silvamo, a major company in the paper industry, is showing some positive signs in its financial indicators.
according to investment professional According to the data, Silvamo Inc.'s market capitalization is strong at around $2.34 billion, which reflects investors' confidence in the company's market value. The company's price-to-earnings ratio (P/E) is 10.6 times, indicating that the company's earnings are reasonably priced relative to its stock price. Adjusted for the trailing 12 months as of Q4 2023, the P/E ratio becomes even more attractive at 8.84. Furthermore, the company showed a high revenue growth of 3.99% on a quarterly basis in the fourth quarter of 2023, indicating that it has the ability to increase revenue over the long term.
Ann investment pro tips This suggests that Silvamo's management is aggressively buying back stock, which could reflect management's belief that the company is undervalued or a commitment to returning value to shareholders. There is sex. Another tip highlights the company's high shareholder return, which combines dividends and share buybacks, indicating the potential for a rewarding investment experience.
For those who want to learn more about Sylvamo Corp's financial and stock performance, we have additional information available. investment pro tips Available at https://www.investing.com/pro/SLVM. Subscribers have access to a total of eight tips, including insights on company profitability and stock price trends. Interested investors can take advantage of exclusive offers using coupon codes. pro news 24 Get an additional 10% off annual or biennial Pro and Pro+ subscriptions and gain valuable insights to make informed investment decisions.
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