PLBY Gains 2% as Turnaround Draws Insider Sale Questions
Playboy, Inc. shares picked up 2.3% to close at $1.32 on Nasdaq Friday, clawing back some ground after an SEC filing showed a company director sold shares earlier in the week. The stock moved between $1.31 and $1.37 during the session. About 760,000 shares changed hands, below the average volume of 1.03 million. PLBY is still trading as a small-cap turnaround story, not as a mainstream consumer stock. The latest Google Finance read puts its market cap around $152.5 million, with shares moving in a 52-week range between $1.18 and $2.75. That keeps the stock near the bottom of its yearly range.