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I still don't understand why GVC's CEO and Chair dumped so many shares...

By Chris Bailey | Friday 5 April 2019

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I wailed and gnashed my teeth over betting behemoth GVC (GVC) a month or so ago after the company's CEO and Chair dumped a bunch of shares just days after an excellent results publication...which they also loved up in print and voice at the time. Throw in the terse regulatory news statement and correctly the stock dumped afterwards and has not yet recovered. Moving aside from the satanic aspects of selling shares at 666p (and the CEO having 666,666 shares left!), today's trading update represents the start of a rebuilding phase for the company with UK market investors...

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