Chiquita Brands International EVP Brian W. Kocher Sells 1,114 Shares (CQB)
Chiquita Brands International (NYSE:CQB) EVP Brian W. Kocher sold 1,114 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $14.10, for a total value of $15,707.40. Following the completion of the transaction, the executive vice president now directly owns 238,895 shares of the company’s stock, valued at approximately $3,368,420. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Chiquita Brands International (NYSE:CQB) opened at 14.08 on Thursday. Chiquita Brands International has a 1-year low of $9.24 and a 1-year high of $14.30. The stock has a 50-day moving average of $11.37 and a 200-day moving average of $11.23. The company’s market cap is $661.3 million. Chiquita Brands International also was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 1,774,572 shares, a decrease of 48.0% from the July 31st total of 3,415,318 shares. Based on an average daily trading volume, of 1,599,746 shares, the short-interest ratio is currently 1.1 days. Currently, 3.9% of the shares of the company are sold short.
Chiquita Brands International (NYSE:CQB) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.28. The company had revenue of $826.00 million for the quarter, compared to the consensus estimate of $823.25 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Chiquita Brands International will post $-0.15 EPS for the current fiscal year.
Chiquita Brands International, Inc (NYSE:CQB), along with its subsidiaries, is an international marketer and distributor of bananas and other fresh produce, sold under the Chiquita and other brand names in 70 countries, and packaged salads sold under the Fresh Express and other brand names primarily in the United States.
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