Cadiz, Inc. (CDZI) CFO Sells $650,000.00 in Stock
Cadiz, Inc. (NASDAQ:CDZI) CFO Timothy J. Shaheen sold 50,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $13.00, for a total value of $650,000.00. Following the sale, the chief financial officer now owns 108,500 shares of the company’s stock, valued at approximately $1,410,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cadiz, Inc. (CDZI) traded up 0.74% during mid-day trading on Thursday, reaching $13.60. The company had a trading volume of 217,207 shares. Cadiz, Inc. has a 52 week low of $5.11 and a 52 week high of $16.25. The stock’s 50-day moving average price is $14.95 and its 200 day moving average price is $13.99. The firm’s market capitalization is $302.70 million.
Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.
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