Insider Selling: Leo Holdings Corp. (NYSE:RMG) Major Shareholder Sells $111,300.00 in Stock

Leo Holdings Corp. (NYSE:RMG) major shareholder Glazer Capital, Llc sold 10,600 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $10.50, for a total transaction of $111,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Glazer Capital, Llc also recently made the following trade(s):

  • On Monday, July 27th, Glazer Capital, Llc sold 300 shares of LEO stock. The stock was sold at an average price of $10.50, for a total transaction of $3,150.00.
  • On Wednesday, July 22nd, Glazer Capital, Llc sold 1,000 shares of LEO stock. The stock was sold at an average price of $10.50, for a total transaction of $10,500.00.
  • On Monday, July 20th, Glazer Capital, Llc sold 1,000 shares of LEO stock. The stock was sold at an average price of $10.50, for a total transaction of $10,500.00.
  • On Thursday, July 16th, Glazer Capital, Llc sold 1,000 shares of LEO stock. The stock was sold at an average price of $10.50, for a total transaction of $10,500.00.
  • On Monday, July 13th, Glazer Capital, Llc sold 1,600 shares of LEO stock. The stock was sold at an average price of $10.62, for a total transaction of $16,992.00.

Shares of LEO stock opened at $10.18 on Friday. Leo Holdings Corp. has a 1 year low of $9.03 and a 1 year high of $10.55.

About LEO

RMG Acquisition Corp. does not have significant operations. It intends to identify, acquire, and operate a business in the diversified resources and industrial materials sectors, including the chemicals, energy services and alternatives, environmental services, metals, and power sectors. The company was founded in 2018 and is based in New York, New York.

Further Reading: Why do companies engage in swaps?

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