Golden Enterprises Inc. (GLDC) CFO Sells $69,987,528.00 in Stock
Golden Enterprises Inc. (NASDAQ:GLDC) CFO Patricia R. Townsend sold 5,832,294 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $12.00, for a total value of $69,987,528.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Golden Enterprises Inc. (NASDAQ:GLDC) opened at 11.996 on Wednesday. The stock has a 50 day moving average price of $11.97 and a 200-day moving average price of $8.32. Golden Enterprises Inc. has a 52-week low of $3.86 and a 52-week high of $12.44. The stock has a market capitalization of $135.45 million, a price-to-earnings ratio of 42.843 and a beta of 0.75.
About Golden Enterprises
Golden Enterprises, Inc is a holding company. The Company owns all the issued and outstanding capital stock of Golden Flake Snack Foods, Inc (Golden Flake), a wholly-owned operating subsidiary. The Company manufactures and distributes a line of salted snack items, such as potato chips, tortilla chips, corn chips, fried pork skins, baked and fried cheese curls, onion rings, and puff corn.
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