Off The Hook Ys (NYSEAMERICAN:NXB) Stock Price Down 5.2% – Here’s Why

Off The Hook Ys Inc. (NYSEAMERICAN:NXB)’s stock price fell 5.2% during mid-day trading on Wednesday . The stock traded as low as $2.17 and last traded at $2.18. 14,670 shares traded hands during trading, a decline of 77% from the average session volume of 63,624 shares. The stock had previously closed at $2.30.

Off The Hook Ys Stock Down 5.2%

The company has a 50-day moving average price of $2.67.

Insider Activity

In other news, CEO Brian John sold 120,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $2.41, for a total transaction of $289,200.00. Following the completion of the transaction, the chief executive officer directly owned 1,133,350 shares of the company’s stock, valued at approximately $2,731,373.50. This represents a 9.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Jason Daniel Ruegg sold 475,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $2.00, for a total value of $950,000.00. Following the transaction, the chairman directly owned 10,775,000 shares of the company’s stock, valued at approximately $21,550,000. This represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 600,000 shares of company stock valued at $1,252,400.

Institutional Trading of Off The Hook Ys

A number of large investors have recently made changes to their positions in NXB. HRT Financial LP acquired a new stake in shares of Off The Hook Ys in the 4th quarter valued at about $58,000. Millennium Management LLC acquired a new stake in shares of Off The Hook Ys in the 4th quarter valued at about $52,000. Geode Capital Management LLC acquired a new stake in shares of Off The Hook Ys in the 4th quarter valued at about $42,000. Finally, Jane Street Group LLC acquired a new stake in shares of Off The Hook Ys in the 4th quarter valued at about $35,000.

About Off The Hook Ys

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.