Business
Here’s why the Appen (ASX:APX) share price is falling 5% today – The Motley Fool Australia
The Appen Ltd (ASX: APX) share price is falling today after the company’s CEO cashed out $1.4 million, reducing his holding by nearly 20%.
Appen Ltd(ASX: APX) shares are falling this morning after the company’s chief executive officer sold a sizeable amount of his shareholding.
At the time of writing, the Appen share price is trading 4.9% lower at $12.42.
Why is the CEO selling?
According to the announcement by the artificial intelligence data provider, CEO Mark Brayan disposed of 109,430 shares last Friday. The sale was actioned at $13.0805 per share — an approximate total sale value of $1.43 million.
Whenever a CEO cashes out of…
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