tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Eagers Automotive Director Increases Stake Through Entitlement Offer

Story Highlights
Eagers Automotive Director Increases Stake Through Entitlement Offer

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Eagers Automotive Limited ( (AU:APE) ) has shared an update.

Eagers Automotive Limited announced a change in the director’s interest, with Michelle Victoria Prater acquiring 591,240 ordinary shares through participation in the company’s accelerated non-renounceable entitlement offer. This acquisition increases her total holding to 15,404,730 shares, reflecting a strategic move that may influence the company’s market positioning and shareholder dynamics.

The most recent analyst rating on (AU:APE) stock is a Hold with a A$33.00 price target. To see the full list of analyst forecasts on Eagers Automotive Limited stock, see the AU:APE Stock Forecast page.

More about Eagers Automotive Limited

Eagers Automotive Limited operates in the automotive industry, focusing on the sale and distribution of vehicles. The company is involved in providing a range of automotive products and services, catering to various market segments.

Average Trading Volume: 627,700

Technical Sentiment Signal: Buy

Current Market Cap: A$9.72B

See more data about APE stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1