Sports Direct Drops After Executives Pare Stakes: London Mover
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Sports Direct International Plc, the U.K.’s largest sports retailer, dropped 1.5 percent in London after company executives sold about 3.9 million shares.
The stock declined 10.5 pence to 698 pence. The shares were sold by Goldman Sachs Group Inc. at 690 pence apiece, Bloomberg News reported today, citing a person familiar with the process. They were offered in a range of 683 pence to 690 pence, the person said, asking not to be named as details weren’t public.