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Insider Sales Trigger Drops in Kratos Defense and Eos Energy Stocks
Kratos Defense & Security Solutions saw its shares fall about 9.8% after insider Steven S. Fendley sold 7,000 shares at an average price of $47.13, valued at roughly $330,000. The transaction, disclosed under a Rule 10b5‑1 plan, reduced Fendley's holding to 295,120 shares. The stock traded as low as $43.75 and closed around $43.88, down from the prior close of $48.64.
At Eos Energy Enterprises, insider Nathan Kroeker off‑loaded 110,417 shares for approximately $371,000, also using a Rule 10b5‑1 plan. The sale cut his ownership by 11.06% to 887,527 shares. Eos shares opened the day at $3.37, far below the company's one‑year high of $19.86, reflecting broader weakness in the stock.
Both sales were reported in SEC filings and contributed to short‑term price pressure on the respective stocks.
Entities
Eos Energy Enterprises · Kratos Defense & Security Solutions · Nathan Kroeker · Steven S. Fendley