Popular Inc (NASDAQ:BPOP), saw one of its high level insiders lower their position with the company through a transaction that began last friday, and was officially filed today, August 19th. Executive Vice President Eli Sepulveda disposed of 2,546 shares of common stock at an average price of $33.75 per share. Following the completion of this transaction, Sepulveda now holds a total of 31,755 shares directly in the company.
A $3.24 billion market cap goliath, Popular Inc (NASDAQ:BPOP) is a diversified, publicly owned bank holding company. The Company operates in two markets: Puerto Rico and Mainland United States. In Puerto Rico market the Company provides retail and commercial banking services through its principal banking subsidiary, while in the United States, the Company operates Banco Popular North America (BPNA), which is a community bank providing a range of financial services and products to the communities it serves.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.