Plus500 Shares Close 7% Lower after Playtech Sells Stake

[kreslik.news]

The shares of publicly listed retail brokerage Plus500 took a beating today. The company’s stock closed 7.34 percent lower after some major announcements over the past 24 hours.

First, the founders of the retail brokerage announced the sale of close to 8% of the company’s stock after the market close on Thursday. Just before London trading started on Friday, Playtech dropped another bombshell, stating in a regulatory filing that the firm sold all of its Plus500 shares.

[url=https://events.financemagnates.com/londonsummit/?utm_source=FM&utm_medium=AUTOLINK&utm_campaign=Article&utm_content=fmls18]Join the Leading Industry Event![/url]

Valuation Questions

During the first half of ... (read more)