{
  "id": 13615256,
  "title": "Finance of America CIO Jeremy Prahm sells $79,202 in FOA shares",
  "url": "https://urgent.news/2026/10/11/finance-of-america-cio-jeremy-prahm-sells-79-202-in-foa-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T02:16:01.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/finance-of-america-cio-jeremy-prahm-sells-79202-in-foa-shares-93CH-4942420"
  },
  "original_language": "en",
  "account": "Finance of America's Chief Investment Officer, Jeremy Prahm, divested a portion of the company's Class A Common Stock on October 5, 2026. He sold 6,000 shares, with the sale amounting to $79,202. The price per share fluctuated between $12.97 and $13.41. Currently, FOA stock is trading at $12.82, marking a 47% decline year-to-date. However, InvestingPro's analysis suggests the stock is undervalued and is listed on the platform as one of the most undervalued stocks. The shares were sold under a Rule 10b5-1 trading plan adopted by Mr. Prahm on December 22, 2025. Following the sale, Mr. Prahm still holds 155,856 shares of the company's Class A Common Stock. InvestingPro subscribers have access to 11 additional ProTips for FOA, which include insights on the company's expected return to profitability this year. Meanwhile, Finance of America reported its second-quarter 2026 earnings, which fell short of Wall Street's expectations. Despite the revenue shortfall, the company highlighted stronger cash generation and higher year-over-year profit, reaffirming its full-year guidance. This mixed news is likely to influence analysts and investors' assessments of the company's financial health.",
  "summary": null,
  "key_points": [
    "CIO Jeremy Prahm sold 6,000 FOA shares worth $79,202 on Oct 5, 2026",
    "FOA stock down 47% YTD, trading at $12.82 per share",
    "Prahm holds 155,856 FOA shares post-sale, still sees undervalued stock"
  ],
  "editors_take": "The sale of shares by Finance of America's CIO under a pre-set trading plan does not directly signal a loss of confidence in the company, but may influence investor perceptions amid mixed quarterly results.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}