Kent McCarthy and his entity, AMC Fund, L.P., sold 4,290,000 shares of New Era Energy & Digital, Inc. The transactions occurred on October 14, 2026. AMC Fund sold 4,090,000 shares. These shares sold at a weighted average price of $3.6102. McCarthy sold 200,000 directly owned shares. These shares sold at $3.9085 each.
The sales reduced the group's beneficial ownership below the 10% threshold. This divestment follows McCarthy’s purchase of 250,000 shares. That purchase occurred on October 9. He acquired those shares at $4.7694 per share.
New Era Energy shares traded at $3.11. This price was recorded on October 16. The stock price has declined 6.6%. This significant insider sale may signal a lack of confidence in the company's near-term prospects.