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Orbit Announces Major Change in Shareholder Holdings

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Orbit Announces Major Change in Shareholder Holdings

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Orbit ( (IL:ORBI) ) just unveiled an update.

Orbit recently reported a change in the holdings of its securities, with Zeev Stein, an interested party, reducing his shareholdings through an off-exchange sale. This transaction decreased Stein’s holdings by 1,000,000 shares, lowering his ownership percentage from 8.47% to 4.51%. The impact of this sale may affect Orbit’s market dynamics and shareholder structure, as it signifies a significant shift in the distribution of its stock ownership.

More about Orbit

YTD Price Performance: 2.60%

Average Trading Volume: 47,203

Current Market Cap: ILS796.7M

For an in-depth examination of ORBI stock, go to TipRanks’ Stock Analysis page.

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