New insider activity at Addentax Group ( (ATXG) ) has taken place on February 8, 2025.
CEO Hong Zhida has made a significant move by purchasing 50,000 shares of Addentax Group, with the transaction valued at $38,200.
Recent Updates on ATXG stock
Addentax Group recently acquired 3.75 million common shares in Well Information Technology, representing a 2.5% equity stake for a total cash consideration of $750,000. This strategic investment, focusing on the technology sector, signifies Addentax’s efforts to diversify its portfolio and expand its market presence, particularly in the region where Well InfoTech is headquartered. Such moves are often interpreted by analysts as attempts to leverage new growth opportunities, which may influence stock price targets based on expectations of future earnings and strategic benefits from the acquisition.
More about Addentax Group
YTD Price Performance: 33.85%
Average Trading Volume: 23,666
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.52M