Orora Director Increases Shareholding, Signaling Confidence

Orora ( (AU:ORA) ) has provided an announcement.

Orora Limited has announced a change in the interest of its director, Thomas Joseph Gorman, who acquired 25,000 fully paid ordinary shares through on-market purchases. This acquisition increases his total holdings to 103,000 shares, reflecting a strategic move to strengthen his stake in the company. The transaction, executed outside a closed period, underscores confidence in Orora’s market position and potential growth, potentially impacting stakeholder perceptions positively.

The most recent analyst rating on (AU:ORA) stock is a Buy with a A$2.70 price target. To see the full list of analyst forecasts on Orora stock, see the AU:ORA Stock Forecast page.

More about Orora

Orora Limited operates in the packaging industry, providing a range of packaging solutions and products. The company’s primary focus is on delivering innovative and sustainable packaging solutions to various markets, including food, beverage, and industrial sectors.

YTD Price Performance: -18.64%

Average Trading Volume: 4,861,155

Technical Sentiment Signal: Sell

Current Market Cap: A$2.52B

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