Michael Mente, Co-CEO of Revolve Group, sold 194,196 shares for ~$6.0 million over three days, leaving him with 73,000 shares directly held. The sale was part of a pattern of large transactions due to limited remaining share capacity. The company targets millennials and Gen Z shoppers, with a market cap of $2.18 billion and revenue of $1.20 billion. Despite the sale, Revolve Group’s stock is on an upswing, with $295.6 million in Q3 sales and a 97% rise in net income to $21.2 million. The stock is a good investment, but investors may want to wait for a drop in price before buying.

Read more at Nasdaq.: Is Revolve Group Stock a Buy or Sell After the Co-CEO Sold Shares for $6 Million?