Two 10% owners of ST JOE Co (JOE) executed significant share sales this past week, totaling approximately $18.45 million. Fairholme Funds Inc. and Bruce R. Berkowitz each sold 140,400 shares at a price of $65.71 per share, amounting to $9.23 million for each transaction.
These sales occurred on June 18, 2026, as reported in recent filings. While individual insider selling can be attributed to various personal financial strategies such as diversification or tax planning, the simultaneous and substantial nature of these transactions by major stakeholders may draw investor attention.
Previous filings from earlier in June also show sales by both Fairholme Funds Inc. and Bruce R. Berkowitz, indicating a sustained period of divestment from the company's stock.