On Thursday, an extraordinary amount of shares from Lululemon, Aeropostale and Ascena changed hands. Main investors were either companies' executives or current investors.
Ascena Retail Group (NASDAQ:ASNA) CEO Michael W. Rayden unloaded 13,000 shares of the stock on the open market in a transaction dated Wednesday, October, 1. The stock was sold at an average price of 13.18 dollars, for a total value of 171,340.00 dollars.
Following the completion of the transaction, the chief executive officer now directly owns 31,760 shares in the company, valued at approximately 418,597 dollars. The sale was disclosed in a document filed with the Securities & Exchange Commission.
In a similar fashion, Lululemon Athletica inc. (NASDAQ:LULU) was the recipient of unusually large options trading on Thursday. Traders purchased 19,524 call options on the stock, ‘AnalystRatingsNetwork’ reported. This is an increase of approximately 150 percent compared to the average daily volume of 7,809 call options.
Finally, Aeropostale (NYSE:ARO) Director Ronald R. Beegle acquired 14,600 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were purchased at an average cost of 3.44 dollars per share, with a total value of 50,224.00 dollars.
Following the acquisition, the director now directly owns 73,702 shares of the company’s stock, valued at approximately 253,535 dollars. The acquisition was disclosed in a document filed with the SEC.