Two 10% owners of The St. Joe Company (JOE), Fairholme Funds Inc. and Bruce R. Berkowitz, engaged in significant share sales on June 15, 2026. Collectively, they sold approximately 188,400 shares, valued at roughly $12.36 million, at an average price of $65.59 per share.
These transactions represent a notable divestment by two of the company's largest shareholders. While insider selling can be attributed to various personal financial strategies such as diversification or tax planning, the coordinated nature of these sales by multiple major holders may draw investor attention.
The total value of shares sold by Fairholme Funds Inc. and Bruce R. Berkowitz on June 15th amounts to $6.18 million each. This follows other, smaller sales by these same insiders in the preceding week.