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The latest update is out from Velocity Composites Plc ( (GB:VEL) ).
Velocity Composites plc announced that David Bailey, a non-executive director, has transferred 52,176 ordinary shares into his personal ISA and sold 137 shares to cover transaction costs. This transaction represents approximately 0.10% of the voting rights in the company, reflecting a strategic move to manage personal investments while maintaining a significant stake in the company.
More about Velocity Composites Plc
Velocity Composites plc, based in Burnley, UK, is a leading supplier of composite material kits primarily for the aerospace industry, serving major clients such as Airbus, Boeing, and GKN. The company focuses on reducing costs and improving sustainability through its proprietary technology, with potential expansion into new markets like wind energy, urban air mobility, and electric vehicles.
YTD Price Performance: -5.56%
Average Trading Volume: 85,329
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £13.77M
Find detailed analytics on VEL stock on TipRanks’ Stock Analysis page.