Insider Selling: Karen Singer Unloads 1,825,138 Shares of Primus Telecommunications Group Stock (PTGI)
Primus Telecommunications Group (NASDAQ:PTGI) major shareholder Karen Singer sold 1,825,138 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $4.00, for a total value of $7,300,552.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Primus Telecommunications Group (NASDAQ:PTGI) remained flat at $2.99 during during mid-day trading trading on Tuesday. The stock had a trading volume of 8,135 shares. Primus Telecommunications Group has a 1-year low of $2.25 and a 1-year high of $14.77. The stock’s 50-day moving average is $2.80 and its 200-day moving average is $6.31. The company has a market cap of $42.5 million and a P/E ratio of 0.35.
Primus Telecommunications Group, Incorporated (NASDAQ:PTGI) is an integrated facilities-based communications services provider offering a portfolio of international and domestic voice, wireless, Internet, voice over Internet protocol (VoIP), data, colocation and data center services to customers located primarily in Australia, Canada, and the United States.
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