Stock Track | Samudera Shipping Soars 3.67% Intraday on Insider Buying by Director

Stock Track

02/10

Samudera Shipping's stock soared 3.67% during intraday trading on Tuesday, reflecting strong positive investor sentiment.

The surge follows news that the company's Director, Bani Maulana Mulia, purchased 1.07 million shares at a price of Rp 366 per share in a transaction valued at approximately Rp 391.62 million. The purchase, disclosed on Monday, was stated to be for investment purposes, increasing the Director's total shareholding in the company.

Such insider buying is often interpreted by the market as a signal of confidence in the company's future prospects and financial health, potentially driving increased buying interest from other investors.

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