DroneShield Shares Plunge Following Executive Stock Sales

Australian defense technology company DroneShield witnessed a dramatic selloff in its shares this week, plummeting more than 35% across just two trading sessions. The sharp decline was triggered by substantial stock sales from the company’s own leadership team, totaling approximately 70 million Australian dollars, occurring simultaneously with the announcement of record-breaking financial results.

Regulatory filings released Wednesday evening, November 12, revealed a coordinated disposal of shares by top executives. Chief Executive Officer Oleg Vornik sold approximately 14.8 million shares between November 6 and 12, realizing nearly 50 million AUD. Chairman Peter James divested holdings worth 12.4 million AUD, while Director Jethro Marks sold shares valued at an additional 4.9 million AUD.

Market reaction was swift and severe. On Thursday, Read more...