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Why Are UiPath (PATH) Shares Soaring Today
Shares of automation software company UiPath (NYSE:PATH) jumped 8% in the afternoon session after it was announced the company will be added to the S&P MidCap 400 index.
Why Kratos (KTOS) Stock Is Down Today
Shares of aerospace and defense company Kratos (NASDAQ:KTOS) fell 3% in the afternoon session after its President and CEO, Eric DeMarco, sold a significant amount of stock, totaling approximately $16.1 million. According to regulatory filings, DeMarco sold 200,000 shares of the company on December 22nd. The sale was made at an average price of about $80.53 per share. This transaction reduced the CEO's direct ownership in the company by more than 20%. Large stock sales by top executives can sometimes concern investors as it may suggest insider belief that the stock is fully valued.
Sweetgreen (SG) Stock Trades Up, Here Is Why
Shares of casual salad chain Sweetgreen (NYSE:SG) jumped 4.2% in the afternoon session after the company announced its expansion into the Sacramento market with the launch of two new locations.