Nordic American Tankers Ltd Founder, Chairman & CEO Buys 50,000 Shares In NAT At A Price Of $4.08/Share; Total Holdings Now 4,250,659 Shares
Portfolio Pulse from Happy Mohamed
Herbjorn Hansson, the Founder, Chairman & CEO of Nordic American Tankers Ltd (NAT), has purchased 50,000 shares in NAT at a price of $4.08 per share. His total holdings now amount to 4,250,659 shares. His son, Alexander Hansson, a board member in NAT, owns 2,150,000 shares. The Hansson family remains the largest private shareholder group in the company.
August 29, 2023 | 1:51 pm
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The CEO's purchase of additional shares in NAT could signal confidence in the company's future, potentially leading to a positive impact on the stock price in the short term.
Insider trading, especially by high-ranking executives, is often seen as a sign of confidence in a company's future prospects. In this case, the CEO's purchase of additional shares could be interpreted as a positive signal by the market, potentially leading to an increase in the stock price.
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