Athena Moving Lower Today (ATHN)

Athena Health (NASDAQ: ATHN) has lost 4% of its market cap today, and is trading at $38.99. Over 1 million shares have already been exchanged, versus an average of 468,000. An article in Barrons, mentioned a couple of negative developments, which may be driving the stock lower.

According to Barrons, Athena (ATHN) co-founder Jonathan Bush sold more than $6 million in stock over the past 12 months. Also, the company recently issued a significant downward restatement, and investors may be concerned that the SEC may take some action.