Hargreaves Lansdown's CFO Philip Johnson has been buying shares in the company after Peter Hargreaves' sale of a £300m stake sent the stock price down.
Two days ago (16 February), Hargreaves revealed he had sold 19,543,974 of the investment platform's shares at £15.35 each to institutional investors. The sale takes his total ownership in the financial services giant from 24% to less than 20% and comes 12 months after he traded shares worth £550m as part of a plan to diversify his assets. The news sent the stock price downward, falling some 7% from close on Tuesday 16 February to open at £15.34 on 17 February; since then the stock has recovered slightly to £15.45 at the time of writing. This morning (17 February), a stockmarket ann...
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