"Well if this doesn't tell you PME is overvalued, I don't know...

"Well if this doesn't tell you PME is overvalued, I don't know what will. No reason given for sale"

The track record of the PME founders in optimizing their share sales is like the curate’s egg, only good in parts.
See the chart below.
Don’t forget that a wunch of bankers ponied up for the shares that the founders sold yesterday, presumably without having their arms twisted.
If the founders stay on trend, they will sell another million shares in 18 months from now, for $76.14.

I suspect that the timing of founders’ sale yesterday has more to do with the windows in which they are permitted to sell and their view of the prospects for the share market in general rather than the prospects of PME.

Given the rate at which US banks are being shown to have been swimming naked, the question might be whether Powell will have to lower rates at the next meeting rather than by how much he will raise them.
Powell has broken something other than the back of inflation, although I think that he was close to that anyway.

The performative republicans are saying that the Silicon Valley Bank went broke because it was too woke.
Apparently, its failure had nothing to do with Trump relaxing the application of the Dodd-Frank regulations on smaller regional banks.
Who would have thought that regional banks with deposits and customers concentrated by region and industry would be riskier than larger diversified banks?

Cheers