Summary by Moomoo AI
Stilwell Value LLC, a 10% stockholder of Wheeler Real Estate Investment Trust, plans to sell 65,000 shares of Series D Cumulative Convertible Preferred Stock. The transaction is scheduled for 11/14/2024, with an aggregate market value of approximately $1.56 million.The shares were originally acquired on 07/01/2024 as a result of an interest payment received from the issuer. This transaction marks a significant move by a major shareholder, potentially impacting the market perception of Wheeler Real Estate's stock.No securities have been sold by Stilwell Value LLC in the past 3 months, indicating this is a new transaction. The notice of this sale was issued on 11/21/2024.