The Children’s Place Inc. (PLCE): $29.12
Market Cap:$363.34M
Enterprise Value:$901.15M
Before we jump into our article about the recent saga surrounding the children’s clothing retailer Children’s Place (PLCE) and a series of purchases by one of Saudi Arabia’s wealthiest families, we wanted to cover an insider sale that’s been making the news recently. In this past week alone, Jeff Bezos sold $4.11 billion worth of Amazon (AMZN) stock. This adds to the $2.04 billion sale just last week, and marks the first time he’s sold shares since 2021. Despite the large amounts, we don’t believe the transactions is anything similar to the Pied Piper situation we saw with Elon Musk back in 2021.