HUB fell almost 6% yesterday following the news that Chairman Bruce Higgins sold ~$8m worth of stock and CEO Andrew Alcock has sold ~$5m, as we said earlier never a positive when insiders sell large lines of stock hence the markets reaction. However again the stock has rallied 50% from its 2021 low making it understandable they’ve taken some cream off the cake plus other investors are using their action as an excuse to take profits – Mr Alcock remains a major holder in the company.
MM remains long and bullish HUB but obviously watching carefully
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