Mowi shaken after trading update, but Mowi boss buys more shares

Aslak Berge

CEO Ivan Vindheim goes against the stream.

Mowi crashes over nine percent on the stock market Monday morning, following the presentation of a quarterly trading update well below expectations.

 Also read: Escalating costs and low achieved price pulled down Mowi Q1 profits

In the share price fall race Monday morning, the managing director of the aquaculture company, Ivan Vindheim, takes the opportunity to trade shares.

Vindheim bought 6,000 Mowi shares at a price of NOK 169.80. That means he has paid EUR 90,150 for the shares.

Following the trade, Ivan Vindheim has 7,248 shares and 462,614 unexercised options in Mowi, according to a stock exchange announcement from the company.