TREET continues selling TBL shares worth Rs. 23.9 mn as share price falls

In a notification sent to the PSX on 06/05/2024, Treet Battery Limited (TBL) reported a transaction by a Substantial Shareholder.

The transaction was carried out by Treet Corporation Limited (TREET).

Who bought a total of 839,000 shares of the company at a price of Rs. 28.50 per share. The total amount for this transaction stands at Rs. 23,911,500.

An insider buying stock in a company is often interpreted as a positive signal by investors. It suggests that those with intimate knowledge of the company’s operations and prospects believe the stock is undervalued or poised for growth, leading to a positive impact on the stock price.

TBL shares were last trading at Rs. 27.64 today.