Insider trade at Varta: Board of Directors reduces share position

Insider trade at Varta: Board of Directors reduces share position

On April 11, 2024, Varta published an insider trade in which Dr. Markus Hackstein, board member, acted pessimistically and reduced his position by 1,785 shares at EUR 13.82 each. This caused Varta shares to fall by 15.20 percent to EUR 12.09 in the FSE meeting. The shareholders reacted to this and in the following meeting the shares lost a further 6.60 percent and were quoted at EUR 8.37. A total of 23,387 Varta shares were traded on that day and the company's market capitalization was EUR 381.00 million, with 42,641,700 securities in open trading.

Already on November 17, 2023, another executive, Rainer Hald, board member, sold 8,648 Varta shares at EUR 23.23 each. This shuffling of shares perhaps indicated foresight regarding the stock price, and Dr. Markus Hackstein could be another signal for investors. Board members' decisions to change their personal positions within a company are often viewed as an indicator of internal perceptions of the company's future performance.

It is important for investors to closely monitor the moves of a company's executives as they can provide insight into the long-term strategy and confidence in the company's future performance. Insider transactions can therefore provide important information that investors should pay attention to. Varta's published insider trades could therefore be important for the share price and investor confidence in the company.