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XP Power CEO Exercises Share Options and Sells to Cover Tax

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XP Power CEO Exercises Share Options and Sells to Cover Tax

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XP Power ( (GB:XPP) ) has provided an announcement.

XP Power announced that CEO Gavin Griggs exercised options over 6,371 ordinary shares, granted under the company’s Deferred Bonus Plan, and sold 3,002 shares to cover tax liabilities. This transaction, compliant with UK Market Abuse Regulation, reflects internal financial management and may impact shareholder perceptions and market confidence.

The most recent analyst rating on (GB:XPP) stock is a Hold with a £963.00 price target. To see the full list of analyst forecasts on XP Power stock, see the GB:XPP Stock Forecast page.

Spark’s Take on GB:XPP Stock

According to Spark, TipRanks’ AI Analyst, GB:XPP is a Neutral.

XP Power’s overall stock score is primarily impacted by its financial performance, which shows strong cash flow but declining revenues and profitability. Technical analysis suggests a bearish trend, while valuation metrics indicate challenges with negative earnings. Positive corporate events provide some optimism, reflecting confidence in the company’s strategic direction.

To see Spark’s full report on GB:XPP stock, click here.

More about XP Power

XP Power is a company that operates in the power solutions industry, providing power control systems and components. Their primary products include power converters, power supplies, and related components, catering to various sectors including healthcare, technology, and industrial markets.

Average Trading Volume: 47,440

Technical Sentiment Signal: Strong Sell

Current Market Cap: £252.9M

See more insights into XPP stock on TipRanks’ Stock Analysis page.

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