$BN FR ranked negative on June 16 2020

Smart Insider $BN FR ranked negative on June 16 2020

$BN FR ranked negative on June 16 2020

Groupe Danone – (-1, 16-Jun-20) – Emmanuel Faber (Chairman and CEO, 2002) sold 36,000 shares on June 12th at €61.33, reducing his holdings to 41,071 shares. This is a reversal from a timely purchase he made in December 2018 at €60 and it is concerning to see him now turn into a seller at the same price. The shares likely trace back to an award of the same size in July 2019, but it still appears to be an aggressive sale. Franck Riboud (Hon. Chairman, joined 1992) sold 25,300 shares on May 7th at €62, reducing his holdings to 53,755 shares. These sales into weakness are concerning. We are ranking the stock -1.

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