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Ex-CEO John Macaluso Sold 8.5 Million Shares In Wizard World In December #WIZD

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John Macaluso used to be CEO of Wizard World Entertainment but resigned back in April. He would be replaced by John Maatta, and has recently been referred to in the legal battle between Stephen Shamus and Wizard World as party to the disputed contract between Shamus and Wizard that seems to be at the heart of that case. You can read up on that here.

That all started to come out at the beginning of December 2016. Well, Macaluso may have seen the direction of traffic.

John Macaluso dumped all of his stock in mid-December for $0.137 a share, netting him around $1.2 million.
That may have been a mistake however as they are currently trading at $0.22 a share,  more like $1.9 million, if he had waited a couple of weeks…

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Rich JohnstonAbout Rich Johnston

Founder of Bleeding Cool. The longest-serving digital news reporter in the world, since 1992. Author of The Flying Friar, Holed Up, The Avengefuls, Doctor Who: Room With A Deja Vu, The Many Murders Of Miss Cranbourne, Chase Variant. Lives in South-West London, works from Blacks on Dean Street, shops at Piranha Comics. Father of two. Political cartoonist.
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