he just sold quite a large chunk of shares. The market generally hates directors or CEOs selling, which is why they have explained that he needed the cash to pay the tax on shares he was given and that he still holds a large number.
A sale like this can cause the market to lose confidence and the share price might drop as a result. Because there is a takeover at a fixed price on the table it’s unlikely to matter and a bit of a non event.
TNT Price at posting:
12.3¢ Sentiment: Hold Disclosure: Held
