Why Did Inotiv Plunge 15.68% After Director's Share Sale?

On April 3, 2025, Inotiv's stock experienced a significant drop of 15.68% in pre-market trading, sparking concerns among investors about the company's recent developments.

One of the key events contributing to the stock's decline was the sale of shares by Mary Theresa Coelho, a Director at Inotiv. On April 1, 2025, Coelho sold 5,500 shares of Common Stock at an average price of $2.3483 per share. This transaction, while not necessarily indicative of broader issues, can sometimes be interpreted as a lack of confidence in the company's future prospects by insiders.

Such insider selling can often lead to market speculation and increased volatility, as investors react to the perceived signals from those with intimate knowledge of the company's operations. This, combined with other market factors, likely contributed to the sharp decline in Inotiv's stock price.