Humble CEO Exit Triggers Stock Plunge, Share Trade: Report

Humble Group's stock price declined by 10% to 7.65 kronor following the unexpected resignation of CEO Simon Petrén, according to a report by DI. The announcement coincided with a substantial block trade of Humble shares. Financial group DNB Carnegie brokered the transaction of 4.3 million Humble shares, representing just under 1% of the company's total shares, across three separate trades. The shares were exchanged at prices ranging from 7.62 to 7.78 kronor, reflecting the stock's downward trend after the CEO's departure. This timing indicates a significant shareholder response to the leadership transition. Although the identities of the parties involved in the share trade remain undisclosed, Petrén holds a substantial personal stake in Humble, owning over 6.7 million shares. Despite his immediate resignation, Petrén will remain available to Humble in an advisory capacity to ensure a smooth transition. Nyhetsbyrån Direkt has reached out to both Petrén and Humble's chairperson, Dajana Mirborn, for further comment on the situation.