CEO and chair sell bulk of GVC stakes, trigger price drop

Despite delivering a fairly impressive financial report card for 2018, GVC shares was down nearly 14% to 588.5p last week on the London Stock Exchange. down nearly 14% to 588.5p. The sell-off happened following news that GVC CEO Kenneth Alexander and Chairman Lee Feldman had divested themselves of nearly 3m GVC shares. Despite selling majority of their shares, the executives said they “remain fully committed to GVC.”
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GVC shares tumble as CEO, chairman sell bulk of their stakes
Double-digit fall

The Story

Despite delivering a fairly impressive financial report card for 2018, GVC shares was down nearly 14% to 588.5p last week on the London Stock Exchange. down nearly 14% to 588.5p. The sell-off happened following news that GVC CEO Kenneth Alexander and Chairman Lee Feldman had divested themselves of nearly 3m GVC shares. Despite selling majority of their shares, the executives said they “remain fully committed to GVC.”

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