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 |
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