Insider Buying: XChange TEC.INC (NASDAQ:XHG) Major Shareholder Buys 12,027 Shares of Stock

XChange TEC.INC (NASDAQ:XHG) major shareholder Financial Lp Hrt purchased 12,027 shares of the business’s stock in a transaction on Friday, December 27th. The stock was purchased at an average cost of $0.89 per share, with a total value of $10,704.03. Following the acquisition, the insider now owns 30,105 shares in the company, valued at approximately $26,793.45. This represents a 66.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, December 30th, Financial Lp Hrt sold 20,385 shares of XChange TEC.INC stock. The shares were sold at an average price of $0.90, for a total value of $18,346.50.

XChange TEC.INC Price Performance

Shares of XHG stock opened at $0.78 on Friday. XChange TEC.INC has a one year low of $0.64 and a one year high of $60.00. The business has a fifty day moving average price of $1.69.

About XChange TEC.INC

XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies.