Walter Field McLallen, a director at OneSpaWorld Holdings Ltd (NASDAQ:OSW), a $2.12 billion market cap company that has seen its stock surge 44% year-to-date, recently sold 18,000 common shares of the company, according to a filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $20.3958 per share, totaling approximately $367,124. Following this transaction, McLallen holds 170,917 shares directly. The sale was executed over multiple transactions, with prices ranging from $20.3700 to $20.4100 per share. According to InvestingPro analysis, the stock is trading near its 52-week high of $20.48, with multiple positive indicators suggesting strong momentum. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper insights into OSW's valuation and growth prospects.
In other recent news, Haymaker Acquisition Corp. 4 announced significant changes to its leadership team. Andrew R. Heyer has stepped down as director, Chief Executive Officer, and chairman, with Christopher Bradley appointed to these roles. The company has clarified that Heyer's resignation was not due to any disagreement or health-related issues and he will continue as vice president.
OneSpaWorld Holdings Limited reported record financial outcomes for the third quarter of 2024, with a 12% increase in total revenues reaching $241.7 million. The company's income from operations and adjusted EBITDA saw significant increases of 48% and 33% respectively. With the expansion of its service offerings and an increase in cruise ship personnel, OneSpaWorld has raised its fiscal year 2024 revenue and adjusted EBITDA guidance for the third time.
These are recent developments reflecting the dynamic nature of both companies. Investors are advised to keep an eye on these changes as they could potentially impact future business operations.
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