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Insignia Financial Reduces Stake in Botanix Pharmaceuticals

Story Highlights
  • Insignia Financial Ltd reduced its voting power in Botanix Pharmaceuticals to 8.29%.
  • The decrease in Insignia’s stake may affect Botanix’s market perception and investor confidence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Insignia Financial Reduces Stake in Botanix Pharmaceuticals

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Botanix Pharmaceuticals Limited ( (AU:BOT) ) has issued an announcement.

Botanix Pharmaceuticals Limited has experienced a change in the substantial holding of its shares by Insignia Financial Ltd, which now holds an 8.29% voting power, down from 9.32%. This shift in shareholding may impact the company’s market perception and investor confidence, as it reflects a decrease in Insignia’s stake, potentially affecting the company’s stock performance and stakeholder interests.

More about Botanix Pharmaceuticals Limited

YTD Price Performance: 2.27%

Average Trading Volume: 10,063,228

Technical Sentiment Signal: Sell

Current Market Cap: A$889M

For detailed information about BOT stock, go to TipRanks’ Stock Analysis page.

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