Previous close | 83.55 |
Open | 83.55 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 260.00 |
Expiry date | 2025-12-19 |
Day's range | 83.55 - 83.55 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Daniel Ek, the co-founder of Spotify Technology SA (NYSE:SPOT), has recently sold 650,000 company shares through two transactions, marking a significant increase in stock sales compared to previous years. The series of sales, valued at about $179 million, represents Ek’s strategic financial planning despite still holding a 7% stake in Spotify, a significant component of his $4.4 billion net worth. Spotify’s stock has risen significantly, increasing by 267% since late 2022, according to Bloomberg
Spotify (SPOT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
FTAI, SPOT and ASMIY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 29, 2023.