Red Cat Holdings' CEO and executives sold major portions of their stock, despite the company reporting a net loss.

Red Cat Holdings CEO Jeffrey M. Thompson and other executives sold significant portions of their company's stock recently, reducing their ownership stakes. The company, which provides drone industry products and services, reported a Q4 2020 net loss and has a market cap of $1.07 billion. Despite institutional investors owning 37.97% of the stock, several hedge funds are acquiring new stakes in the company.

3 months ago
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