Shares in easyJet have fallen nearly 5% on news that chief executive Andy Harrison sold around half his stake yesterday, raising £1.3m.
EasyJet has dropped 16.75p to 318.75p compared to Harrison's sale price of 326p. He disposed of 400,000 shares, leaving him with 438,598 which includes 155815 shares due to vest on 8 February under a directors share scheme.
Last week the budget airline's shares climbed sharply after it said first half revenues would come in above expectations.
There is also another negative factor influencing the shares today, as founder Stelios Haji-Iannou said at the World Economic Forum in Davos that he was worried about summer bookings in the light of the current recession. He currently in dispute with the board, arguing it should not grow the fleet further but focus on future dividend payments.
