Insider Buying: Switch Inc (SWCH) Insider Buys 300,000 Shares of Stock
Switch Inc (NASDAQ:SWCH) insider Erin Thomas Morton acquired 300,000 shares of the stock in a transaction on Wednesday, October 11th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $5,100,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Switch Inc (NASDAQ SWCH) traded down 4.41% during trading on Wednesday, reaching $19.08. 3,351,627 shares of the company’s stock traded hands. The company’s market cap is $596.25 million. Switch Inc has a 12 month low of $18.82 and a 12 month high of $24.90. The firm’s 50 day moving average is $19.72 and its 200 day moving average is $19.72.
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Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.
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