In a notification sent to the PSX on 26/04/2024, The Searle Company Limited (SEARL) reported some insider transactions.
The transaction was carried out by a director and substantial shareholders, who are a key figure in the company.
They both bought and sold a total of 16,701,020 shares of the company.
The total amount for this transaction stands at Rs. 924,688,448.60.
An insider buying and selling stock in a company can be interpreted as a significant event by investors. It suggests that those with intimate knowledge of the company’s operations and prospects believe the stock is either undervalued or poised for growth, potentially leading to a positive impact on the stock price.
| Company | Date | Buy | – | Sell | Share Rate | Amount in Total |
|---|---|---|---|---|---|---|
| SEARL | 1 April 2024 | 160 | 52.96 | 8473.60 | ||
| SEARL | 2 April 2024 | 200 | 52.55 | 10510.00 | ||
| SEARL | 2 April 2024 | 260 | 52.10 | 13526.00 | ||
| SEARL | 8 April 2024 | 5000000 | 57.76 | 288800000.00 | ||
| SEARL | 9 April 2024 | 300 | 62.09 | 18627.00 | ||
| SEARL | 24 April 2024 | 400 | 56.62 | 22648.00 | ||
| SEARL | 24 April 2024 | 850000 | 58.50 | 49725000.00 | ||
| SEARL | 25 April 2024 | 5000000 | 56.50 | 282500000.00 | ||
| SEARL | 25 April 2024 | 5850000 | 56.16 | 328296000.00 | ||
| SEARL | 25 April 2024 | 200 | 55.95 | 11190.00 | ||
| Total | —– | 1020 | 16700000 | —– | 924688448.60 |
The shares of SEARL were last trading at Rs. 57.27 today.
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