YOUW reports an insider transaction of Rs.7 million

In a notification sent to the PSX on 22/04/2024, Yosaf Weaving Mills Limited (YOUW) reported a transaction by the substantial shareholder.

The transaction was carried out by Mst Andaleeb Kausar, who is a Substantial Shareholder.

He sold a total of 3,000,000 shares of the company for Rs. 2.50 per share. The total amount for this transaction stands at Rs. 7,500,000.

Investors often interpret an insider selling stock in a company as a noteworthy event.

Selling by insiders may occur for many reasons, but it does indicate their sentiment about the company’s prospects. Investors need to weigh this information alongside other factors.

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The shares of YOUW last traded at Rs. 3.80 today.

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →