Tower Limited (AU:TWR) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Tower Limited’s substantial shareholder, the Accident Compensation Corporation (ACC), has reduced its stake in the company, shifting from holding 9.550% of ordinary shares in April 2022 to 7.921% as of October 2024. This change follows the ACC’s strategic sale of over 10 million shares and purchase of nearly 4 million shares in the market. Investors might find these moves significant as they reflect shifts in ACC’s investment strategy concerning Tower Limited.
For further insights into AU:TWR stock, check out TipRanks’ Stock Analysis page.