Millicom International Cellular (TIGO) was Smart Insider's stock pick of the week after the company's director Jules Niel bought 849,021 SDRs on March 14 for $25 million, or 299.06 Swedish kronor ($29.90) apiece.
The purchase is indirect to Atlas, an entity owned by the Niel family that has roughly 42% of the company's stake, Smart Insider said in a note Tuesday.
"Seeing the purchase while the stock is near a multi-year high is interesting," the note added.
The purchase also shows that Niel is not "privy" to material non-public information and is also "likely confident" in Millicom International's prospects, Smart Insider said.
Smart Insider ranked the stock +1, or strong positive signal, on Wednesday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。