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Mitchell B. Goldsteen, a director and ten percent owner of Shimmick Corp (NASDAQ:SHIM), sold 37,105 shares of common stock on August 14 and 15, 2025, for approximately $81,988. The stock, currently trading at $2.67 with a market capitalization of $84.3 million, has surged nearly 35% in the past week.
The sales were executed in two separate transactions. On August 14, 6,300 shares were sold at a weighted average price of $2.11, in a range from $2.04 to $2.14. On August 15, 30,805 shares were sold at a weighted average price of $2.23, in a range from $2.11 to $2.30. According to InvestingPro analysis, the stock’s RSI indicates overbought conditions, suggesting heightened investor enthusiasm.
Following these transactions, Goldsteen indirectly owns 21,134,308 shares through GOHO, LLC.
The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 20, 2024.
In other recent news, Shimmick Corp reported strong revenue growth for the second quarter of 2025, with a 42% increase year-over-year, totaling $128 million. Despite this growth, the company posted a net loss of $8 million, which is a significant improvement from the previous year’s $51 million loss. These developments highlight the company’s efforts in narrowing its losses while expanding its revenue base. The financial results were discussed during the company’s earnings call, which provided insights into its current performance and future outlook. Additionally, analysts and investors are closely monitoring these financial metrics to assess the company’s ongoing strategies and market position. The company’s recent performance may influence future analyst ratings and investor decisions. As Shimmick Corp continues to address its financial challenges, stakeholders are keenly observing how these changes might impact its long-term growth trajectory.
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