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insider selling raises concerns at lloyds banking group as chief risk officer exits

Stephen Shelley, the Group Chief Risk Officer of Lloyds Banking Group, recently sold 37% of his shares for approximately £1.6 million at an average price of £0.70, marking the largest insider sale in the past year. This trend of insider selling, which outpaced buying, raises concerns about the company's stock valuation, especially as sales occurred below the current price of £0.73. Insiders own about £25 million worth of shares, indicating some alignment with shareholder interests, but the overall sentiment remains cautious due to the history of sales.
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