CD Projekt vice-president sold half of his stocks

CD Projek (CDP)t vice president Marcin Iwiński has recently sold over 607,5k of his company stocks, earning about 4 million dollars (15,9 million zloty). The average price of one stock is 6,5 euro (26,2 zloty).

Marcin Iwiński

CD Projekt CEO Adam Kiciński promised not to sell his stock during 180 days. This decision should potentially stop the panic among the stockholders of CD Projekt. Marcin actually has over 12, 6 mln CD Projekt stock, which is about 13,28% of the whole stock amount.

It doesn’t look like Marcin is going to leave the company. And it certainly doesn’t look like CD Project RED is at the limit of its market value. Surely in a couple of years the company’s stock is going to be even more expensive.

Witcher 3 is one of the most successful game in the company’s history. This project sold over 6 million copies, earning a lot of money for the Polish publisher. This week marks the release of the first paid DLC for the game called The Hearts of Stone. The company also plans to build a second addon Blood and Wine.

CD Projekt is also building a futuristic RPG Cyberpunk 2077. The project is considered to be the biggest in the company’s history.

Cyberpunk is far bigger than anything else that CD Projekt Red has done before. Far, far bigger. If anything, working on The Witcher 3 was a really good and often brutal learning experience. Cyberpunk is going to benefit greatly from it. I can almost guarantee it.

CDP’s visual effects artist Jose Teixeira

Source: gry.onet.pl