Insider Selling: Verso Co. (VRS) Major Shareholder Sells 312,746 Shares of Stock
Verso Co. (NYSE:VRS) major shareholder Mudrick Capital Management, L. sold 312,746 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $16.63, for a total value of $5,200,965.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Mudrick Capital Management, L. also recently made the following trade(s):
- On Friday, January 5th, Mudrick Capital Management, L. sold 798,849 shares of Verso stock. The shares were sold at an average price of $16.74, for a total value of $13,372,732.26.
Verso Co. (VRS) traded down $0.31 during trading on Friday, hitting $16.63. The company’s stock had a trading volume of 700,344 shares, compared to its average volume of 1,222,825. The company has a market cap of $577.42 and a price-to-earnings ratio of -10.08. Verso Co. has a twelve month low of $3.17 and a twelve month high of $17.80. The company has a current ratio of 2.15, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.
A number of research firms recently weighed in on VRS. Zacks Investment Research raised Verso from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. BWS Financial lifted their target price on Verso from $15.00 to $20.00 and gave the stock a “strong-buy” rating in a report on Friday, November 17th. B. Riley set a $11.00 target price on Verso and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, ValuEngine raised Verso from a “sell” rating to a “hold” rating in a report on Sunday, December 31st.
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Verso Company Profile
Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.
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