Wrap Technologies, Inc. reported that major shareholder Elwood Norris sold 5,000 shares of the company’s stock on November 26. The shares were sold at an average price of $2.14 per share, resulting in a total transaction value of $10,700. After the sale, Norris retains ownership of 59,928 shares in the company.
**Why this matters**
Insider transactions can provide insights into shareholder confidence and company outlook. While a sale does not necessarily indicate negative sentiment, monitoring such trades helps investors gauge potential shifts in ownership and market perception.