Categories: Insider Transactions

HINOON directors sell stock worth 4.1 million

In a notification sent to the PSX on 08/05/2024, Highnoon Laboratories Limited (HINOON) reported a transaction by the executive and non-executive director.

The transaction was carried out by Mr. Ashfaq and Mr. Ghulam Hussain, who are executive and non-executive directors respectively.

They sold a total of 6,700 shares of the company at a price of Rs. 624.00 per share. The total amount for this transaction stands at Rs. 4,180,800.

An insider selling stock in a company can sometimes be interpreted as a cautionary signal by investors. However, it’s important to note that insider transactions can have various interpretations depending on the context.

HINOON shares were last trading at Rs. 640.00 today.

Aamir Hayat

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