Shares in Russian iron and steel giant Evraz (EVR) are at an 18-month low just four months after hitting an all-time high. The collapse was sparked when three directors picked a great time to sell off millions of shares – chairman Alexander Abramov sold two lots of more than 8m shares in March and July, both times bringing in over £50m.
IC TIP:
Sell
at
379p
Tip style
Sell
Risk rating
High
Timescale
Medium Term
Bull points
High dividend yield
Dominant market position in Russia
Bear points
Share sales by directors
Falling demand for steel across Russia and the US
Downward share price momentum
High debt