Rolv Erik Ryssdal, CEO of Schibsted, bought 6,000 shares in Schibsted earlier this week. Here is the mandatory trade notification.

On Black Friday last year he sold 9,800 shares for NOK 321 each (our report at the time). This time he bought B shares for NOK 174 per B share.

He will certainly be remembered as a CEO with a good sense of timing, if the downtrend of the Schibsted share price in recent months turns in the near future. In the last 12 months the prices of the A and B Schibsted shares dropped 38 percent and 37 percent respectively.

Often, when a CEO buys his company’s shares, the price moves higher. The B share for Schibsted was up 2 percent in morning trade yesterday (at the time of writing) – just as the share price responded to the Q3 presentation on November 4. Since, then it has gone down sharply – the B share from NOK 194.

Yesterday, Schibsted presented a new future report. Could this be the dawn of a new future – also for the Schibsted share? The CEO seems to think so.

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