Barclays shares fall after top investor offloads $1.2 billion stake

📆 3/29/2022 5:05 PM
📰 Reuters

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Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock in the lender at a discount overnight.

Barclays shares were last down 3.3% at 115.22 pence at 1004 GMT on Tuesday, after tumbling 4% on Monday.

Capital Group is one of the world's largest investment firms, and parent to the American Funds brand that is popular among millions of U.S. investors and retirement savers.A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls Blackrock declined to comment when approached by Reuters on Monday, while QIA was not immediately available for comment.The Barclays sale was priced at 150 pence on Tuesday, towards the top of the target range of 147.50 pence to 150.75 pence, but this still represented a discount greater than 6% to Monday's closing price, pressuring the share price.

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