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Elliot Noss, the Chief Executive Officer of Tucows Inc. (NASDAQ:TCX), recently reported selling a total of 1,300 shares of the company’s common stock over a series of transactions. The sales come as the stock has declined nearly 30% over the past six months, according to InvestingPro data. The sales, carried out under a pre-established trading plan, were executed on February 4, 5, and 6, 2025. The shares were sold at prices ranging from $15.66 to $15.76 per share, resulting in a total transaction value of $20,414.
Following these transactions, Noss retains direct ownership of 477,958 shares. Additionally, he holds indirect interests through various accounts, including a retirement savings account and accounts held by his spouse, although he disclaims beneficial ownership of the latter. These transactions were conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling company stock, thus reducing concerns about insider trading. With the company’s next earnings report due on February 13, 2025, InvestingPro subscribers can access additional insights, including 6 key ProTips and comprehensive financial analysis of the company’s performance.
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