Martha Stewart sells stock in troubled company despite recent insider status
NY Post
Martha Stewart’s stock trading is raising eyebrows — again.
The 79-year-old domestic diva — who famously served five months in prison in 2004 and 2005 for lying to the feds about her sale of ImClone shares — sold more than $67,000 worth of stock in Sequential Brands Group in a pair of transactions last month, securities filings show. The June 4 and June 7 sales — which had Stewart unloading 3,000 and 3,266 shares at prices of $10.74 and $10.82, respectively — were completed just two days before Bloomberg reported that the struggling licensing firm was preparing for a possible bankruptcy filing.More Related News
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