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Marketwise, Inc. (OTC:MKTW), a $284 million market cap company that pays an attractive 8.6% dividend yield, saw Chief Financial Officer Erik Mickels report purchasing 940 shares of Class A Common Stock on June 17, 2025. The purchases were executed at a weighted average price of $17.94, resulting in a total transaction value of $16,863.
The prices paid for the shares ranged from $17.40 to $18.26. Following the transaction, Mickels directly owns 69,998 shares of Marketwise, Inc. In other recent news, MarketWise, Inc. has appointed Dr. David "Doc" Eifrig as its permanent Chief Executive Officer. Dr. Eifrig has been serving as interim CEO since August 2024 and has now been confirmed for the role permanently. The decision comes after his leadership contributed to improved financial performance over the past two quarters. Additionally, MarketWise announced a 1-for-20 reverse stock split to comply with Nasdaq’s minimum bid price requirements. This move, approved by shareholders, is intended to enhance the stock’s appeal to institutional investors and maintain the company’s Nasdaq listing. The reverse split will reduce the number of outstanding shares of Class A common stock from approximately 49.5 million to about 2.5 million. MarketWise also received overwhelming stockholder support for reducing its authorized shares from 1,350,000,000 to 162,500,000. These strategic changes are part of MarketWise’s efforts to adapt its capital structure in a dynamic market environment. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.