Market Slump Drags Down Share Prices of These 15 Companies

7. Hims & Hers Health Inc. (HIMS)

Telehealth company Hims & Hers Inc. (HIMS) registered a 6.77-percent decline in its share price on Friday, closing at $26.56 apiece following a selloff from its Chief Finance Officer, Okupe Oluyemi.

Oluyemi sold 4,213 shares of the company’s Class A common stock at an average price of $29.98 apiece, resulting in a total transaction value of $126,317.

Earlier this week, the company’s chief commercial officer Michael Chi also sold off positions on Hims & Hers, disposing of 17,393 shares for $27.97 each. The sale was part of a pre-established trading plan under Rule 10b5-1, adopted earlier this year.

In other recent news, Hims & Hers has been in the spotlight following the FDA’s resolution of the obesity drug shortage which has raised concerns about the impact on Hims & Hers Health, which had been offering compounded versions of such drugs.