In multiple notifications sent to the PSX during the 1st week of May’24, National Foods Limited (NATF) reported multiple transactions by the non-executive directors.
The transaction was carried out by Mrs Noreen Hasan, Zahid Majeed, who are non-executive directors.
She bought a total of 21662 shares and sold 59300 shares of the company for Rs. 170.655 per share on average . The total amount for this bought transaction stands at Rs. 3771769.72. and sold amount is Rs. 10149300.
Investors often interpret an insider buying stock in a company as a positive signal. It suggests that those with intimate knowledge of the company’s operations and prospects believe the stock is undervalued or poised for growth, positively impacting the stock price.
The shares of NATF were last trading at Rs. 174.90 today.
Date | No of Shares | Average Rate | Status | Total Buy (Rs) | Total Sold (Rs) |
---|---|---|---|---|---|
06-05-2024 | 2162 | 166.31 | Buy | 359562.22 | — |
08-05-2024 | 19500 | 175 | Buy | 3412207.5 | — |
09-05-2024 | 59300 | 171 | Sell | — | 10149300 |
Totals | 80962 | — | — | 3,771,769.72 | 10149300 |
Shifa International (SHFA) has already rallied 150%, but there is still more upside to the…
The closure of the Hub Power Company Limited (HUBC) plant marks a significant shift in…
Fatima's 2QCY24 financial performance reflects a challenging quarter, marked by a significant decline in profitability…
Habib Metropolitan Bank Limited (HMB) recently released its second-quarter results for 2024, revealing a mixed…
In the oil and gas sector, the longevity of reserves is a critical measure of…
Cherat Cement Company Limited (CHCC) has recently released its financial results for the fourth quarter…