A stock price increased by 66% after executives traded shares with each other.

Recently, a stock unexpectedly increased in price by 66% after only 7 trading sessions, causing a stir among investors. It is worth noting that the transactions mainly took place between leaders within the company.

Specifically, from November 17, 2023 to December 15, 2023, Sao A DC Investment JSC purchased 4.25 million shares of Maritime Technical Services and Supply JSC (Code MAC). After this transaction, Sao A DC Investment increased its ownership ratio to 28.07% of charter capital.

A stock continuously increased in price by 66 after the leaders traded the stock with each other picture 1 — MAC stock recorded a 66% increase in price after a series of insider transactions (Photo TL)

Sao A DC Investment Company is a unit related to Mr. Tran Tien Dung, member of the Board of Directors and Director of Maserco Marine Technical Services and Supply Joint Stock Company.

After the above transaction, MAC shares increased strongly, from VND 10,200/share on December 4, 2023 to VND 16,900/share on December 12, 2023. This corresponds to a 66% increase in MAC shares in 7 trading sessions. In the session on December 21, 2023, MAC shares decreased to VND 14,600/share.

Maserco is a business operating in the fields of freight forwarding, customs declaration, ship brokerage, import and export of goods, with a charter capital of over 151 billion VND.

In the past 2 months, there have been continuous stock trading activities within the company's leadership. Specifically, TM Holding fund will receive 850,000 shares from Ms. Nguyen Thu Nga, wife of a member of the Board of Directors of Maserco. Sao A DC investment will receive 2 million shares from Ms. Nga and all 3.25 million shares from Ms. Pham Thi Hong Giang - Head of the Supervisory Board. After the transaction, Ms. Nga reduced her ownership ratio to 9.96%, equivalent to more than 1.5 million MAC shares.

In addition, Ms. Bui Thi Thu Huong, director of a subsidiary of Maserco, also bought 200,000 MAC shares from December 4, 2023 to December 13, 2023. Mr. Nguyen Van Truc, member of the Board of Directors of Maserco, and Mr. Bui Viet Phuong, the company's CFO, also bought 1.1 million and 300,000 shares, respectively.

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