
Numerous Urban One Insiders Sold Stock: Not A Positive Omen

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Several insiders at Urban One, Inc. (NASDAQ:UONE.K) have sold shares over the past year, raising concerns among shareholders. The largest sale was by Independent Director Brian McNeill, who sold US$180k worth of shares. Despite the selling, insiders still own 48% of the company, valued at US$19m. While insider selling can be a weak signal, the lack of insider buying over the last year is notable. Shareholders are advised to investigate further, as insider transactions can indicate management's confidence in the company's future.
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