Wheaton Precious Metals ( (TSE:WPM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Wheaton Precious Metals shares came under pressure as investors reacted to insider share sales tied to executive compensation. The company reported that several directors and the CEO converted restricted share units and sold an equivalent number of shares on the Toronto Stock Exchange as part of routine pay arrangements.
In addition, Wheaton issued 8,096 new common shares after long‑term incentive awards vested. The miner plans to seek admission of these newly issued shares to trading on the London Stock Exchange, slightly increasing the company’s overall share count.
More about Wheaton Precious Metals
YTD Price Performance: -2.47%
Average Trading Volume: 2,452,792
Technical Sentiment Signal: Buy
Current Market Cap: $52.02B
For further insights into WPM stock on TipRanks’ Stock Analysis page.
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