Andy McCue joins Hostelworld directors in buying stock
Hostelworld shares slumped by 33% on Thursday after warning on trading
Mr McCue bought almost £45,400 (€59, 135) on 25,000 shares in Hotelworld on Friday, according to a regulatory filing on Wednesday morning, after the stock slumped by as much as a third on Thursday after a weak trading update.
It follows on from disclosures yesterday that Hostelworld chief executive Feargal Mooney spent £151,410 buying 84,000 shares in the London market, while chief technology officer John O’Donnell acquired 30,000 each at a slightly higher price of £1.814 each, costing him £54,420.
Shares in Hostelworld plunged by as much as 33 per cent on Thursday when the company reported weaker-than-expected demand across Europe in the aftermath of the Paris and Brussels terrorist attacks.
It made the statement ahead of the company’s first annual general meeting as a public company, in Dublin.