A Director at Fred’s (NASDAQ: FRED) is Selling Shares

By George MacDonald

Today, a Director at Fred’s (NASDAQ: FRED), Michael Hayes, sold shares of FRED for $150.4k.

In addition to Michael Hayes, 4 other FRED executives reported Sell trades in the last month.

Based on Fred’s` latest earnings report from October 31, the company posted quarterly revenue of $541M and quarterly net profit of $1.44M. In comparison, last year the company earned revenue of $504.4M and had a GAAP net loss of $8.15M. The company has a one year high of $19.80 and a one year low of $11.13. Currently, Fred’s has an average volume of 88.02k.

Over the last 3 months, the insider sentiment on Fred’s has been neutral based on 67 corporate insider transactions. This sentiment is slightly lower than the average sector sentiment of insiders.

Fred’s, Inc. engages in the operation of general merchandise stores. It manages express and franchised stores, full service pharmacies and specialty pharmacy facility. The company was founded in 1947 and is headquartered in Memphis, TN.