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Bowlero Corp. founder, CEO Tom Shannon sells more stock; financial analyst calls sales 'a prudent financial decision'

JEFF RICHGELS | Posted: Wednesday, February 22, 2023 6:00 pm
Bowlero Corp. founder, CEO Tom Shannon sells more stock; financial analyst calls sales 'a prudent financial decision'
Bowlero Corp. founder and CEO Tom Shannon continues to sell off big chunks of his stock, and now has sold more than 82% of his Class A common stock this year, while retaining millions of shares of Class B stock. Bowlero CFO Brett Parker also made his second stock sale at the time of Shannon's most recent. But investors continue to appear unfazed as the stock (NYSE:BOWL) price remains up since the sales began. It closed Wednesday at $15.34 per share, up $2.12 per share since the $13.22 close on...