Redde (REDD) Shares Up 6.6% Following Insider Buying Activity
Shares of Redde PLC (LON:REDD) shot up 6.6% on Wednesday following insider buying activity. The company traded as high as GBX 97.52 ($1.27) and last traded at GBX 97.13 ($1.27). 720,620 shares traded hands during trading, a decline of 9% from the average session volume of 794,132 shares. The stock had previously closed at GBX 91.10 ($1.19).
Specifically, insider Martin Ward bought 23,854 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average price of GBX 105 ($1.37) per share, for a total transaction of £25,046.70 ($32,727.95). Also, insider Avril Palmer-Baunack bought 56,497 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of GBX 88 ($1.15) per share, for a total transaction of £49,717.36 ($64,964.54).
Separately, JPMorgan Chase & Co. downgraded shares of Redde to a “neutral” rating and dropped their target price for the stock from GBX 189 ($2.47) to GBX 111 ($1.45) in a report on Monday.
The business also recently disclosed a dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be issued a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a dividend yield of 3.46%. Redde’s payout ratio is 1.05%.
ILLEGAL ACTIVITY NOTICE: This report was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/redde-redd-shares-up-6-6-following-insider-buying-activity/2890842.html.
Redde Company Profile (LON:REDD)
Redde plc provides a package of motor claims accident management, incident management, fleet management, and legal services in the United Kingdom. The company offers vehicle replacement, repair management, claims-handling assistance, and legal and other bespoke services. It also provides personal injury services, including motor accident, criminal injury, and medical negligence, as well as specialist serious injury services.
Further Reading: Treasury Bonds
Receive News & Ratings for Redde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redde and related companies with MarketBeat.com's FREE daily email newsletter.