Max Steinebach Sells 12,000,000 Shares of Glenveagh Properties (LON:GLV) Stock

Key Points

  • Insider selling: Max Steinebach sold 12,000,000 shares of Glenveagh Properties on May 8 at an average price of GBX 215, totaling about £25.8 million.
  • Stock price context: Glenveagh Properties opened at GBX 2.23, near its 52-week high of GBX 2.30 and above both its 50-day and 200-day moving averages.
  • Company snapshot: Glenveagh Properties is an Irish homebuilder focused on suburban housing, urban apartments, and partnerships with local authorities and state agencies.

Glenveagh Properties PLC (LON:GLV - Get Free Report) insider Max Steinebach sold 12,000,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 215, for a total value of £25,800,000.

Glenveagh Properties Stock Performance

Glenveagh Properties stock opened at GBX 2.23 on Friday. The company has a debt-to-equity ratio of 30.69, a current ratio of 5.94 and a quick ratio of 1.59. The stock has a fifty day moving average price of GBX 2.05 and a two-hundred day moving average price of GBX 1.98. Glenveagh Properties PLC has a 52-week low of GBX 1.59 and a 52-week high of GBX 2.30. The firm has a market capitalization of £11.51 million, a P/E ratio of 0.11 and a beta of 0.86.

About Glenveagh Properties

(Get Free Report)

Glenveagh Properties plc, listed on Euronext Dublin and the London Stock Exchange, is a leading Irish homebuilder. Supported by innovation and supply chain integration, Glenveagh are committed to opening access to sustainable high-quality homes to as many people as possible in flourishing communities across Ireland. We are focused on three core markets – suburban housing, urban apartments and partnerships with local authorities and state agencies.

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