Anthony Evers, Chief Financial Officer at Surgepays (NASDAQ:SURG), disclosed an insider sell on July 3, according to a recent SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Evers sold 36,667 shares of Surgepays. The total transaction value is $110,323.
During Thursday's morning session, Surgepays shares down by 5.45%, currently priced at $2.95.
Discovering Surgepays: A Closer Look
Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Mobile Virtual Network Operators that provide mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through SurgePhone Wireless, LLC and Torch Wireless, LLC; Comprehensive Platform Services provide financial technology and a wireless top-up platform to independently owned convenience stores throughout the country; Lead Generation is a generation and case management solutions company serving law firms in the mass tort industry; and Others. It generates the revenue from Mobile Virtual Network Operator segment.
Unraveling the Financial Story of Surgepays
Decline in Revenue: Over the 3 months period, Surgepays faced challenges, resulting in a decline of approximately -9.63% in revenue growth as of 31 March, ...