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Audioboom ( (GB:BOOM) ) has shared an update.
Audioboom announced that its non-executive Chairman, Michael Tobin, has purchased 2,700 ordinary shares in the company at a price of 370 pence per share. This acquisition increases Tobin’s stake to approximately 5.3% of the company’s issued share capital, potentially signaling confidence in the company’s future prospects and impacting stakeholders’ perceptions of the company’s market position.
More about Audioboom
Audioboom is a global leader in podcasting, providing commercial, distribution, marketing, and production services for a premium network of top-tier podcasts. The company operates internationally, with its content distributed across major platforms like Apple Podcasts, YouTube, and Spotify. Audioboom is recognized as the fifth-largest podcast publisher in the US by Triton Digital.
YTD Price Performance: -9.15%
Average Trading Volume: 131,079
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £61.1M
See more data about BOOM stock on TipRanks’ Stock Analysis page.