The REA Group (ASX:REA) share price has fallen $2.56 or 2.74 per cent to $90.79 after the AFR revealed CEO Tracey Fellows sold virtually all her shares in the company.
According to an ASX Change of Director’s Notice, Ms Fellows sold 10,218 REA shares on 17th August 2018 at an average price of $89.20 per share. The sale netted her $911,490.06.
Just yesterday, the REA share price hit an all-time high of $94.12, before closing at $93.35.
After the sale, Ms Fellows is left owning just 12 REA shares, worth just over $1,000.