Australia's Nick Scali eyes worst day in over 9-mths after CEO sells shares

Nick Scali

23/11/2023 03:42

** Shares of Nick Scali  NCK.AX  fall as much as 10.7% to
A$10.380, set to post its biggest intraday pct fall since Feb.
6, if current losses hold 
    ** Stock hits lowest level since Oct.20  
    ** The furniture retailer says CEO Anthony Scali has sold
4.6 mln shares of the company 
    ** Adds, following the sale, CEO still remains its largest
shareholder with 7.95% stake
    ** About 6.3 mln shares change hands, compared with the
30-day average volume of 206,961 shares
    ** Stock has risen 9.2% this year, as of last close 

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com;))