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Freightways Director Increases Shareholding, Signaling Confidence

Story Highlights

Freightways ( (FTWYF) ) just unveiled an update.

Freightways Group Limited announced a change in the shareholding of its non-executive director, Grant Devonport, who increased his beneficial interest in the company by acquiring 3,000 additional fully paid ordinary shares. This transaction, conducted on the market for a total consideration of $30,450, reflects a growing confidence in the company’s prospects and may positively influence stakeholder perceptions regarding the company’s future performance.

More about Freightways

Freightways Group Limited operates in the logistics and courier industry, providing a range of services including parcel delivery, freight forwarding, and information management solutions. The company primarily focuses on the New Zealand market, offering comprehensive logistics solutions to businesses and consumers.

Average Trading Volume: 558

Technical Sentiment Signal: Buy

Current Market Cap: A$1.65B

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

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