Insider Buying: XChange TEC.INC (NASDAQ:XHG) Major Shareholder Buys $10,704.03 in Stock

XChange TEC.INC (NASDAQ:XHG) major shareholder Financial Lp Hrt purchased 12,027 shares of the stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of $0.89 per share, for a total transaction of $10,704.03. Following the completion of the transaction, the insider now owns 30,105 shares of the company’s stock, valued at $26,793.45. The trade was a 66.53 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 12 month low of $0.64 and a 12 month high of $60.00. The stock’s 50 day simple moving average is $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.