ASX:HUB

Hub24’s Share Price Drops 3.72% on Changes in Substantial Holding

According to the announcement, a substantial holder by the name of FMR LLC, otherwise known as Fidelity Investments — a privately owned investment manager based in Boston — sold a grand total of 3,005,279 HUB shares, ceasing their holdings in the company.This has presumably caused a degree of panic amongst existing shareholders, seeing as FMR had a pretty sizable influence on the company.
Money Morning Australia