One of the things I'm exploring is looking at the ratio insiders are acquiring vs disposing of stocks in companies at the moment.
In my research found something interesting about $PRPL
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The founders were in their 70s and sold their stake and retired. The ceo as far as I can tell has not sold a single share.
The more interesting thing to look at is institutions increasing their positions multiple times.
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I guess my question is this...what's the rush to the door for the founders? Why take the stock public via SPAC which is a shortcut to an IPO and then rush out? You could've held 50% of the stock, left it in a trust and let the business in better hands.
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That could be said of any person that sells a company. The founders made around 600m and they’re old. I think they realized it was time for them to step back and let the pros finish their vision. Just my opinion.
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