1 Investments, Llc, a 10% owner of Citi Trends Inc. (CTRN), divested a significant portion of its holdings on November 5, 2026. The fund sold 750,000 shares of CTRN at an average price of $45.76 per share, realizing approximately $34.32 million from the transaction.
This sale represents a notable reduction in the fund's stake in the company. While insider sales can be driven by various factors such as portfolio diversification or tax planning, they are observed by market participants as a matter of record.
This transaction follows other recent sales by insiders of Citi Trends Inc., including George Katrina and Powell Lisa A., during the preceding months.