Zak who?25 Jun 2024 18:32
Ondo Insurtech (ONDO), a company in claims prevention technology for home insurers, has been informed by Mark Wood (Chairman) and Craig Foster (Chief Executive) of the following share purchases. Mark Wood has purchased 330,000 shares at a price of 14.8p per share. Craig Foster has also purchased 42,872 shares at a price of 14.0p per share.
Author @ZaksTradersCafe
Comment: Given that shares of ONDO peaked at 38p and are now at 14p, it could be said that someone dropped the ball in terms of allowing a stock that was a stock market darling, to be one where management has to shore up sentiment by having to buy a modest amount of shares.
What he as failed to mention is that both Craig Foster and Mark Wood both recently took part in the share placing an MW subscribed for additional shares. Poor analysis as usual from him.