Friday, March 31, 2017

Amaya Ex-CEO sells majority of stock holdings

Seeking Alpha:

Amaya (NASDAQ:AYA) discloses that David Baazov sold 12M shares on March 29 and March 30 at an average price of C$22.31.

Baazov, who resigned as Amaya CEO last August, still holds a 3.8% stake in the company through his 5.605M shares.

This has been an overhang on the stock as many investors were put off by the insider trading allegations against the previous CEO. He is out of the picture and is selling off his shares. Hopefully that will remove a stumbling block to investors perception of the stock.

1 comment:

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