US EditionPlus500 Shares Tank 10% After Bosses Cash Out £67M Following 13-Year Hold
2 Articles
2 Articles
After the trading platform reached a value of more than 12.5 billion shekels in London, the CEO and two vice presidents sold some of their holdings and were left holding shares worth over half a billion shekels. • Plus500 recently announced its entry into the prediction market where Polymarket operates.
Plus500 Shares Tank 10% After Bosses Cash Out £67M Following 13-Year Hold
Plus500 (LSE: PLUS) executives completed a £67.1 million share sale today (Tuesday), triggering a sharp selloff that erased up to 10% of the company's market value before stocks recovered slightly to trade down 6% at 4,430 pence.CEO David Zruia, CFO Elad Even-Chen and CMO Nir Zats sold a combined 1.5 million shares at £44.78 each to Goldman Sachs International as principal, with Panmure Liberum intermediating the transaction. The block represent…
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