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Magellan Reduces Stake in NobleOak Life Limited

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Magellan Reduces Stake in NobleOak Life Limited

Elevate Your Investing Strategy:

NobleOak Life Ltd ( (AU:NOL) ) just unveiled an update.

NobleOak Life Limited has announced a significant change in the interests of its substantial holder, Magellan Financial Group Ltd. Magellan’s voting power in NobleOak has decreased from 9.95% to 5.19%, indicating a reduction in their stake in the company. This change may impact NobleOak’s shareholder dynamics and could have implications for its strategic decisions moving forward.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

More about NobleOak Life Ltd

Average Trading Volume: 78,451

Technical Sentiment Signal: Hold

Current Market Cap: A$141.1M

For a thorough assessment of NOL stock, go to TipRanks’ Stock Analysis page.

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