GDS Holdings Ltd is trading 5.3% down at $34.95 following the disclosure of a significant insider sale.
- On June 3, it was reported that Director Judy Ye sold 37,394 American Depositary Shares on June 2, representing her entire directly-held position in the company.
- The sale, totaling over $1.35 million, was made at an average price of $36.2118 per share.
- This company-specific news provides a direct catalyst for the stock's decline, overshadowing the broader market's mixed sentiment.