Richard L. Carrion, a Popular board member, sold 25,000 shares worth around $2.8 million, representing 11.47% of his direct ownership. This is his only open-market sale in two years, with Popular’s stock delivering an 18.69% one-year return. Post-transaction, Carrion retains 193,020 shares valued at ~$21.8 million. Popular, Inc. offers retail, mortgage, and commercial banking services, generating revenue primarily from net interest income and fee-based services. Carrion’s sale doesn’t indicate a rush to sell, and Popular stock continues to perform well, with analysts predicting an average price target of $143.11.

Read more at Yahoo Finance: Is Popular Stock a Buy or Sell After a Director Dumps Shares Worth Nearly $3 Million?