Mission Produce Director Jay Pack Buys 188,550 Shares for $2.1 Million After 33% June Slide
Updated
Updated · The Motley Fool · Jun 20
Mission Produce Director Jay Pack Buys 188,550 Shares for $2.1 Million After 33% June Slide
2 articles · Updated · The Motley Fool · Jun 20
Summary
Jay Pack bought 188,550 Mission Produce shares on June 15 in two open-market trades at a weighted average $11.34, lifting his direct stake to 539,965 shares worth about $6.04 million.
The purchase was Pack’s largest single trade in two years and reversed a prolonged reduction in direct ownership, increasing those holdings by 54%.
Pack’s total economic interest now stands at 1,891,397 shares across direct and indirect holdings, while the timing followed a sharp stock pullback after Mission had topped $15 in April.
Mission shares had fallen about 33% in June after that 16-month high; management has said a bumper avocado crop should lower prices but still improve results, with mangoes and Peru blueberries also expected to contribute.