Why GreenSky Stock Skyrocketed Today
Shares of GreenSky (NASDAQ: GSKY) have skyrocketed today, up by 13% as of 12:30 p.m. EST, after CEO David Zalik and Director Robert Sheft each bought shares. Zalik holds 64.4 million Class B shares through a limited liability company (LLC), while Sheft has 22.3 million Class B shares through a different LLC as well as roughly 364,000 Class A shares held directly. Zalik previously had 54% voting power, while Sheft and Executive VP Jeffrey Gold have 19% voting power combined, according to GreenSky's most recent proxy statement.