Thread regarding Altice USA (Cablevision) layoffs

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Altice Usa Inc (ATUS) President & COO Abdelhakim Boubazine Sold $14 Million Of Shares

August 06, 2020 | About: ATUS -1.46%
President & COO of Altice Usa Inc (30-Year Financial, Insider Trades) Abdelhakim Boubazine (insider trades) sold 506,189 shares of ATUS on 08/05/2020 at an average price of $27.57 a share. The total sale was $14 million.

Altice USA Inc operates in the telecommunications, media and entertainment business. The company has two segments: Cablevision and Cequel through which it provides digital cable television, high-speed Internet, voice, and data products and services. Altice USA Inc has a market cap of $16.01 billion; its shares were traded at around $27.61 with a P/E ratio of 89.38 and P/S ratio of 1.75. GuruFocus has detected 3 severe warning signs with Altice USA Inc. .

Directors and Officers Recent Trades:

President & COO Abdelhakim Boubazine sold 506,189 shares of ATUS stock on 08/05/2020 at the average price of $27.57. The price of the stock has increased by 0.15% since.
EVP, Gen. Counsel & Secy Michael Olsen sold 20,000 shares of ATUS stock on 07/31/2020 at the average price of $27. The price of the stock has increased by 2.26% since.

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| 1671 views | | 2 replies (last August 9, 2020) | Reply
Post ID: @OP+16jJYE03

2 replies (most recent on top)

Well when its been sitting at 23 and its above 27,kind of a no brainer from a trader standpoint.With all thats been going on,offloading for a profit kind of seems like the point to stocks.

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Post ID: @3kqz+16jJYE03

https://www.gurufocus.com/news/1205316/altice-usa-inc-atus-president–coo-abdelhakim-boubazine-sold-14-million-of-shares

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Post ID: @1kpr+16jJYE03

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