As the stock price has dropped over 4.5% last week, the company’s market value declined by ₹4.1b, but insiders were able to mitigate their losses.
By selling ₹734m worth of RBL Bank Limited stock at an average sell price of ₹223 over the last year, insiders seemed to have made the most of their holdings.
As per statics, in the last year insiders paid ₹ 4.3m for 20.50 k shares. But insiders have sold 3.29m shares worth ₹734m. In total, RBL Bank Limited insiders have sold more than they bought over the last year.
From the last three months’ observation, there is significant insider selling at RBL Bank. In total, insiders dumped ₹55m worth of shares in that time and did not record any purchases at all. This may suggest that some insiders think that the shares are not that low. as per sources said and analyzed – from the analysis of the sources.
