IDT - Insider Transaction: MARCELO FISCHER Sells $100K Worth Of IDT Shares | Benzinga
Making a noteworthy insider sell on December 21, MARCELO FISCHER, Chief Financial Officer at IDT (NYSE:IDT), is reported in the latest SEC filing.
What Happened: FISCHER's decision to sell 2,937 shares of IDT was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $100,592.
The latest update on Friday morning shows IDT shares down by 0.0%, trading at $33.84.
Unveiling the Story Behind IDT
IDT Corp is a multinational holding company. It primarily operates in the telecommunications and payment industries. It has four reportable business segments, Fintech, National Retail Solutions & net2phone and Traditional Communications, The Fintech segment is comprised of National Retail Solutions (NRS), an operator of a nationwide point of sale (POS) network providing payment processing, digital advertising, transaction data, and ancillary services, and BOSS Money, a provider of international money remittance and related value/payment transfer services. The net2phone segment provides unified cloud communications and telephony services to business customers.
IDT's Financial Performance
Revenue Growth: IDT's revenue growth over a period of 3 months has faced challenges. As of 31 October, 2023, the company experienced a revenue decline of approximately -6.4%. ...