President and CEO of GNC Holdings Inc. (NYSE:GNC) Joe Fortunato sold 50,000 shares on Aug. 6, 2012 at an average price of $39.04. The total transaction amount is $1,952,000.
Joe Fortunato has been CEO and president of GNC Holdings since November 2005. He served as executive vice president and chief operating officer of General Nutrition Companies from November 2001 to June 2005. From June 2005 to November 2005, Mr. Fortunato was the senior executive vice president and chief operation officer of the company.
Joe Fortunato sold 31,000 shares of GNC stock in April, June, and July. Executive Vice President and CFO Michael Nuzzo sold 125,900 shares of GNC stock in April and February. Other directors and officers have also sold shares of GNC stock.
GNC Holdings reported their 2012 second quarter financial results. The company reported revenues of $619.1 million and net income of $66.7 million.
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