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Mark Newcomer, CEO of Paysign, Inc. (NASDAQ:PAYS), recently executed a significant stock sale amid the company’s 43% decline over the past six months. On February 24, Newcomer sold 100,000 shares of Paysign’s common stock. The shares were sold at a weighted average price of $2.7278, with the transaction totaling $272,780. According to InvestingPro analysis, the stock currently trades below its Fair Value, with analyst targets ranging from $6.00 to $7.25.
This sale was conducted under a Rule 10b5-1 trading plan, which Newcomer adopted on June 12, 2024. The shares were sold in multiple transactions at prices ranging from $2.7001 to $2.8501. Following the sale, Newcomer retains ownership of 8,936,886 shares of the company. For comprehensive insider trading analysis and 8 additional ProTips about PAYS, explore InvestingPro’s detailed research report.
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