SEARLE – International Brands Sells 3 Million Shares

In a notification sent to the PSX on 28/03/2024, The Searle Company Limited (SEARLE) reported a transaction by the Substantial Brands.

The transaction was carried out by International Brands, who is part of Substantial shareholders.

It sold a total of 3,000,000 shares of the company at a price of Rs.54.00 per share. The total amount for this transaction stands at Rs.162, 000,000. An insider selling stock in a company can sometimes be perceived as a negative signal by investors.
It may indicate that insiders believe the stock is overvalued or facing challenges, potentially leading to a negative impact on the stock price.

SEARLE shares were last trading at Rs.52.98 today.