11thframe.com
Bowling's digital daily newspaper delivering news, analysis and opinion.

Bowlero Corp. founder, CEO Tom Shannon sells more stock, total now above 40% this month of his Class A shares

JEFF RICHGELS | Posted: 1/24/2023, 4:00 PM
Bowlero Corp. founder, CEO Tom Shannon sells more stock, total now above 40% this month of his Class A shares
Bowlero Corp. founder and CEO Tom Shannon continues to sell off big chunks of his stock, and now has sold more than 40% of his Class A common stock this month. But investors continue to appear unfazed as the stock (NYSE:BOWL) price remains up slightly since the sales began. It closed Tuesday at $14.28 per share, up 9 cents per share on the day and $1.06 since the $13.22 close on Dec. 29. The stock’s 52-week range is $6.96 to $15.28. On Dec. 30, Bowlero made a filing with the Securitie...

Keep Reading with 11thFrame

This article is exclusive to 11thFrame subscribers. Sign up or log in to unlock full access to all stories, interviews, and newsletters.