What is Martha Stewart doing with her stock?
Martha Stewart’s stock trading is raising eyebrows — again. The 79-year-old domestic diva — who famously served five months in prison in 2004 and 2005 for lying to the feds about her sale of ImClone shares — sold more than $67,000 worth of stock in Sequential Brands Group in a pair of transactions last month, securities filings show.
Is Martha Stewart Living Omnimedia efficiently growing its dividend?
Martha Stewart Living Omnimedia does not have a long track record of dividend growth. In the past three months, Martha Stewart Living Omnimedia insiders have not sold or bought any company stock. How were Martha Stewart Living Omnimedia's earnings last quarter?
What other companies does Martha Stewart own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Martha Stewart Living Omnimedia investors own include Sequential Brands Group (SQBG), Seagate Technology (STX), Albireo Pharma (ALBO), Agenus (AGEN), Aeterna Zentaris (AEZS), Authentidate (ADAT), Acasti Pharma (ACST), Axcelis Technologies (ACLS), Achillion Ph...
Is Martha Stewart on the stock market?
What is Martha Stewart Living Omnimedia's stock symbol? Martha Stewart Living Omnimedia trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSO."
What is Martha Stewart's ticker?
MSOMartha Stewart Living Omnimedia Inc (MSO)
What happened to Martha Stewart's company?
Stewart rejoined the board of directors of Martha Stewart Living Omnimedia in 2011 and became chairwoman of her namesake company again in 2012. The company was acquired by Sequential Brands in 2015.
Does Martha Stewart still own her company?
Sequential Brands Group (SQBG) is selling Martha Stewart and Emeril Lagasse's brands to licensing and marketing company Marquee Brands for $175 million. The deal could be worth as much as $215 million if the brands hit certain targets. Sequential has owned those media and home furnishings' brands since 2015.
How much money did Martha Stewart make off of insider trading?
The company's worth dropped more than 50 percent after Stewart's insider trading scandal broke, and Stewart's personal losses totaled more than $325 million in company holdings. And all for a sale of Imclone Systems stock that netted her a $51,000 profit. Hardly seems worth it.
Why did Martha Stewart sell ImClone stock?
Stewart sold her stock allegedly on worries that the Food and Drug Administration was going to reject Erbitux, ImClone's colon cancer drug. Ironically, ImClone recently received positive reviews for the drug's efficacy on colon cancer and head and neck cancer.
How did Martha lose her money?
A day before drug company ImClone's stock plummeted in 2001, she sold $230,000 worth of stock in the company. Midway through her appeal process, she decided to serve her five-month sentence. Viacom dropped her television show. She resigned from the board of directors at her namesake brand.
Who owns Martha Stewart?
Marquee BrandsMartha Stewart Living Omnimedia / Parent organization
Who is richer Oprah or Martha Stewart?
NEW YORK (AP) - Surprise, surprise. Grass is green, the world is round and Oprah Winfrey is the richest woman in entertainment. The talk-show titan, who's amassed $1.5 billion over the course of her impressive career, has bested "Harry Potter" author J.K. Rowling and lifestyle guru Martha Stewart to take the No.
What happened to Martha Stewart stock?
Martha Stewart was accused of insider trading after she sold four thousand ImClone shares one day before that firm's stock price plummeted. Although the charges of securities fraud were thrown out, Ms. Stewart was found guilty of four counts of obstruction of justice and lying to investigators.
Is Martha Stewart a billionaire?
Down from over a billion, Martha Stewart's net worth is estimated to be in the vicinity of $400 million as of 2020. Martha Stewart first became a billionaire when her company, Martha Stewart Living Omnimedia, went public in 1999.
What stock did Martha Stewart invest in?
ImClone sharesIn the early 2000s, America's most famous homemaker became the center of headlines, speculations, and eventually a federal investigation concerning her stock trading. Martha Stewart was accused of insider trading after she sold four thousand ImClone shares one day before that firm's stock price plummeted.
What did Martha Stewart go to jail for Reddit?
Trial and Conviction Stewart was charged with securities fraud, obstruction of justice, and conspiracy.
Why did Martha Stewart Living magazine stop publishing?
Among them is Martha Stewart Living magazine, which will release its last print edition next month, following a decision made by its new owner to focus on growing the title's digital business, MarthaStewart.com.
Why is insider trading a crime?
Obviously, the reason insider trading is illegal is because it gives the insider an unfair advantage in the market, puts the interests of the insider above those to whom he or she owes a fiduciary duty, and allows an insider to artificially influence the value of a company's stocks.
When did Sequential buy Martha Stewart?
When did Martha Stewart leave Sequential Brands?
Stewart joined Sequential’s board in 2015 when the firm bought her company, Martha Stewart Living Omnimedia for $353 million. Four years later in 2019, Sequential sold the brand to another licensing firm for $140 million less than what it paid for the company.
What would happen if Martha Stewart learned Sequential was preparing for bankruptcy?
Martha Stewart, shown earlier this year and, in inset, leaving Federal Court in 2005, is under scrutiny over selling 3,000 shares of Sequential Brands Group stock only days before reports of the firm's impending bankruptcy. NY Post photo composite
How old was Martha Stewart when she was in prison?
If Stewart had learned that Sequential was preparing for bankruptcy by virtue of her director’s seat, “it would be improper for her to trade on that information even if that information is the subject of public speculation, ” said Bachner, the securities lawyer.
Who is the largest shareholder in Sequential?
The 79-year-old domestic diva — who famously served five months in prison in 2004 and 2005 for lying to the feds about her sale of ImClone shares — sold more than $67,000 worth of stock in Sequential Brands Group in a pair of transactions last month, securities filings show. The June 4 and June 7 sales — which had Stewart unloading 3,000 ...
Did Martha Stewart go bankrupt?
A spokesperson for Sequential declined to comment. Former executive chairman William Sweedler, meanwhile, remains the largest shareholder and has kept his 13-percent stake intact, according to filings.
How much did Martha Stewart sell Sequential?
She was a director of the company, which Bloomberg reported was headed to bankruptcy on June 9. NY Post photo composite. The attorney added that Stewart “had no material nonpublic information, her transactions were fully compliant with applicable rules and any speculation to the contrary is simply meritless innuendo.”.
Is Martha Stewart selling stock?
Martha Stewart sold another 10,000 shares of Sequential on Friday — this time at more than $22 a piece. And on Tuesday, she sold yet another 10,000-share bloc at the same lofty price, according to a Wednesday filing.
