tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

MotorCycle Holdings Directors Sell Shares to Attract Institutional Investors

Story Highlights
  • MotorCycle Holdings directors sold shares to attract new institutional investors.
  • Despite the sale, directors remain committed to the company’s growth and retain significant stakes.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MotorCycle Holdings Directors Sell Shares to Attract Institutional Investors

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Motorcycle Holdings Ltd. ( (AU:MTO) ) has shared an announcement.

MotorCycle Holdings Ltd. announced that its Founder and Non-Executive Director, Mr. David Ahmet, and Chief Operations Officer and Executive Director, Mr. Michael Poynton, have sold a total of 9,000,000 shares to introduce new institutional investors and diversify their personal investments. Despite the sale, both directors remain committed to the company’s long-term growth, retaining significant stakes and having no current plans to sell more shares. This move aligns with the company’s Securities Trading Policy and was conducted during the permitted trading window.

The most recent analyst rating on (AU:MTO) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Motorcycle Holdings Ltd. stock, see the AU:MTO Stock Forecast page.

More about Motorcycle Holdings Ltd.

MotorCycle Holdings Ltd. operates in the motorcycle industry, focusing on the sale and distribution of motorcycles and related accessories. The company is listed on the Australian Securities Exchange (ASX) under the ticker MTO.

Average Trading Volume: 86,941

Technical Sentiment Signal: Buy

Current Market Cap: A$274.6M

See more data about MTO stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1