Home » Barclays’s Shares Drop in Early Trade as Investor Sells Significant Stake at a Discount -Reuters reports
–Barclays’s early trading suffered a significant hit after one of its top but unnamed investors sold the equivalent of a nearly 3% stake in the UK. bank at a discounted price, Reuters reports.
–The investor opened a sales process for 575 million shares on Monday evening, with the offering being priced at a discount greater than 6% of Monday’s closing price, at 150 pence a share, Reuters reports.
–Barclays’s shares opened down around 6% on Tuesday, Reuters reports, noting that some of the lender’s top shareholders include the Qatar Investment Authority and Blackrock.