(Alliance News) - De' Longhi Spa reported Thursday that the CEO, Fabio De' Longhi, sold 8,702 shares of the company's common stock.

The shares were sold at an average unit price of EUR31.99, for a total consideration of about EUR278,000.

De' Longhi's stock is in the red by 3.3 percent at EUR31.76 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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