Why Is SilverSun Technologies (SSNT) Stock Down 20% Today?

Core Viewpoint - SilverSun Technologies' stock has declined following CEO Mark Meller's sale of shares, which may signal a lack of confidence in the company's future performance [1][2]. Stock Sales Summary - CEO Mark Meller sold a total of 96,556 shares of SilverSun Technologies (SSNT) stock, amounting to approximately $2.2 million [5]. - The sales occurred over several days, with Meller's total shares owned decreasing from 270,944 to 174,388 [1]. - Specific sales included: - 21,640 shares sold at an average price of $18.8666 on May 31, 2024 - 53,856 shares sold at an average price of $18.3823 on June 3, 2024 - 31,000 shares sold at an average price of $18.685 on June 4, 2024 - 11,700 shares sold at an average price of $19.0705 on June 4, 2024 [5]. Market Reaction - Following the stock sales, SSNT stock experienced a decline of 19.7% as of Wednesday morning [2].