Insider Selling: Golden Enterprises Inc. (GLDC) Major Shareholder Sells 5,283,128 Shares of Stock

Golden Enterprises Inc. (NASDAQ:GLDC) major shareholder Syb Inc. sold 5,283,128 shares of Golden Enterprises stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $12.00, for a total transaction of $63,397,536.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Golden Enterprises Inc. (NASDAQ:GLDC) opened at 11.996 on Wednesday. The stock has a market capitalization of $135.45 million, a PE ratio of 42.843 and a beta of 0.75. Golden Enterprises Inc. has a 1-year low of $3.86 and a 1-year high of $12.44. The firm has a 50-day moving average of $11.97 and a 200 day moving average of $8.32.

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.

5 Day Chart for NASDAQ:GLDC

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