Insider Selling: Allied Minds PLC (ALM) Insider Sells 215,270 Shares of Stock
Allied Minds PLC (LON:ALM) insider Michael Turner sold 215,270 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of GBX 139 ($1.76), for a total transaction of £299,225.30 ($378,526.63).
Shares of Allied Minds PLC (LON:ALM) opened at 139.152 on Tuesday. Allied Minds PLC has a 52 week low of GBX 127.96 and a 52 week high of GBX 475.00. The company’s market cap is GBX 325.26 million. The firm’s 50-day moving average is GBX 147.98 and its 200-day moving average is GBX 314.86.
A number of brokerages have commented on ALM. Jefferies Group LLC lowered shares of Allied Minds PLC to an “underperform” rating and decreased their price target for the company from GBX 584 ($7.39) to GBX 254 ($3.21) in a research note on Friday, March 31st. Numis Securities Ltd restated a “hold” rating and set a GBX 165 ($2.09) price target on shares of Allied Minds PLC in a research note on Thursday, April 27th.
Allied Minds PLC Company Profile
Allied Minds PLC (Allied Minds) is a diversified holding company focused on venture creation within the life science and technology sectors. With unparalleled access to hundreds of university and federal labs across the United States, Allied Minds forms, funds, and operates a portfolio of companies to generate long-term value for its investors and stakeholders.
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