STCN - Massive Insider Trade At Steel Connect | Benzinga
A new SEC filing reveals that STEEL PARTNERS HOLDINGS LP, Board Member at Steel Connect (NASDAQ:STCN), made a notable insider purchase on June 20,.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, LP purchased 4,800 shares of Steel Connect, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $57,279.
Steel Connect's shares are actively trading at $12.52, experiencing a up of 0.24% during Friday's morning session.
Get to Know Steel Connect Better
Steel Connect Inc is a diversified holding company. The company's operating segment include Direct Marketing and Supply Chain. It generates maximum revenue from the Direct Marketing segment. Geographically, it derives a majority of revenue from the United States and also has a presence in China; Netherlands, and others. The company serves clients in various industries including consumer electronics, communications, computing, software, storage, and retail industries.
Understanding the Numbers: Steel Connect's Finances
Decline in Revenue: Over the 3 months period, Steel Connect faced challenges, resulting in a decline of approximately -4.96% in revenue growth as of 30 April, 2024. This signifies a reduction in the ...