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Spotify's Co-CEO Gustav Söderström buys 40,045 shares amid stock decline
In the past 24 hours, Spotify's stock (SPOT) experienced a 3.40% decline, closing at $528.84 on September 17, 2026. This downturn follows a series of recent developments, including a slight reduction in full-year earnings estimates by Erste Group Bank and a significant insider purchase by Co-CEO Gustav Söderström.
Key points
- Erste Group Bank lowers Spotify's FY2026 EPS estimate to $14.26 from $14.28.
- Co-CEO Gustav Söderström purchases 40,045 shares, signaling confidence amid stock decline.
- Spotify's stock closes down 3.40% on September 17, 2026, at $528.84.
Sources
AI-generated from public news sources. Not financial advice.
