Saturday, 18 May 2024
Trending

Investing

Payoneer global director sells over $155k in company stock By Investing.com

Red Rock Resorts CEO Frank Fertitta III sells $40.3m in stock By Investing.com


Payoneer Global Inc. (NASDAQ:PAYO) director Avi Zeevi recently sold a significant amount of company stock, transactions that were executed on May 14 and May 15, according to the latest Form 4 filing with the Securities and Exchange Commission. The sales totaled over $155,000, with the price per share ranging between $5.9004 and $5.9023.

On the first day, Zeevi disposed of 23,793 shares at an average price of $5.9023 per share. The following day, an additional 2,471 shares were sold at a slightly lower price of $5.9004 per share. The transactions were carried out under a prearranged trading plan that Zeevi had adopted on November 14, 2023, which allows company insiders to sell shares at predetermined times to avoid any accusations of insider trading.

Following these transactions, Zeevi still retains a substantial interest in Payoneer Global, with ownership of 427,584 shares after the reported sales. These recent sales by a company insider might be of interest to investors, as they often look for such signals to understand the confidence levels of company executives and directors in the firm’s prospects.

Payoneer Global Inc., headquartered in New York, operates in the business services sector, providing financial services to businesses and professionals globally. Investors and market watchers typically monitor insider transactions as they provide insights into how the top brass at companies are acting on their stock.

InvestingPro Insights

Payoneer Global Inc. (NASDAQ:PAYO), a key player in the business services sector, has recently been under the investor’s microscope following insider stock transactions by director Avi Zeevi. To provide a broader perspective, InvestingPro has highlighted some key data points and insights that could offer additional context to these transactions and the company’s financial health.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.

InvestingPro Tips suggest a positive outlook for Payoneer, noting a strong return over the last month with a price total return of 20.82%. This is complemented by analysts’ expectations that the company will be profitable this year, which may offer some reassurance to investors concerned about the recent insider sales. Additionally, the company has been profitable over the last twelve months, a sign of its financial resilience. It’s worth noting, however, that Payoneer does not currently pay a dividend to shareholders, which could influence investment…

Click Here to Read the Full Original Article at All News…