Tilly’s stock has dropped nearly 18 percent in the last two days thanks to news of some stock sales from the founders, according to a story in the Orange County Business Journal.
Tilly’s Inc. (NYSE: TLYS) dropped 6% to $20.64 and now has a $591 million market cap. Shares of the Irvine-based company fell 12% yesterday after the company announced that some shareholders, including chain co-founders Hezy Shaked and Tilly Levine, plans to sell 8.1 million common shares and possibly an extra 1.2 million more.
Thanks, guys. Then again, guess they have to get their money out sometime.
[Link: OCBJ]
