UiPath (PATH) stock slides after CEO share sale filing as S&P MidCap 400 entry takes effect
UiPath shares fell nearly 3% to $15.88 in heavy trading Friday, their first session as an S&P MidCap 400 stock. CEO Daniel Dines sold 45,000 shares on Jan. 2 under a pre-arranged plan, according to a regulatory filing. The stock traded between $15.50 and $16.85, with about 44.1 million shares changing hands. Traders are watching for index-related flows and key U.S. economic data next week.