Shares of Kiatnakin Phatra Bank, or KKP, fell more than 5.83% this morning after a Securities and Exchange Commission filing showed two executives sold significant amounts of stock. Mr. Pobpanit Bhumrapan, Deputy Managing Director and Head of Risk Management, sold 200,000 shares at an average price of 118.00 baht, reducing his holdings to zero. Meanwhile, Ms. Nilawan Trikitjamroon, Assistant Managing Director, sold 32,500 shares at an average price of 120.00 baht, leaving her with 80,000 shares. The intraday share price dropped to a low of 112 baht.
Kiatnakin Phatra Bank Public Company LimitedTwo executives sold significant stakes, including risk chief reducing holdings to zero, signaling insider bearishness.