Listed Companies

The Chart: The great A2 selldown

Andy Fyers
Tue, 29 Sep 2020

The Chart: The great A2 selldown
Andy Fyers
Tue, 29 Sep 2020
A string of A2 directors and executives sold down significant stakes in their holdings in the company in late-August, cashing in on a near record high share price of about $20.The timing was fortunate - the shares fell 12 percent this week following it flagging a 10 percent reduction in first-half revenue.Among those to sell significant stakes were chairman David Hearn, who sold about one fifth of his stock, pocketing $5 million in the process. Had Hearn made an equivalent sale at the closing price on Tuesday of $15.84 he would have pocketed ab...

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