Sweden this morningl I've spent the past half hour monitoring the Avanza Bank / AOI investors Swedish language forum for any insights into today's modest sell off. Some posts attribute the sell off to a note published this morning by Avanza, noting the sale of 25K shares bya single AOI insider - John Hunter Craig on Nov. 30. as reported by the Canadian Insider reporting service over the weekend. Others are skeptical that this would be enough to justify any sell off, & I tend to agree, so who knows?
As a followup, I checked the SEDI.ca website for the latest insider filings, and it seems that John Hunter Craig, independent AOI board member & attorney, unlike several other board members ,has been a regular seller of AOI stock since late August, so the Nov.30 sale is nothing new for him in particular. On August 16 he converted 100K options to shares & has been selling them off incrementally since then. By August 30, he had sold approx.52K shares. Again, by Sept 6 he had sold off another 25K, and finally this past week another 25 K shares. . But he seems to be one of the few company insiders to have done so particularly over the past few months. Most of the others appear to be holding their stocks/options positions