Acceler8 Ventures (LON:AC8) Shares Climb 4.2% Following Insider Buying Activity

Acceler8 Ventures (LON:AC8) shares rose 4.2% during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 67.84 and last traded at GBX 62. Approximately 221,632 shares traded hands during mid-day trading, The stock had previously closed at GBX 59.50.

Specifically, insider Daniel Levine acquired 80,000 shares of the stock in a transaction that occurred on Tuesday, October 13th. The shares were bought at an average cost of GBX 58 per share, for a total transaction of £46,400. Also, insider Daniel Levine bought 85,500 shares of Acceler8 Ventures stock in a transaction on Wednesday, October 14th. The shares were purchased at an average cost of GBX 63 per share, with a total value of £53,865. In other news, insider Giles Willits bought 75,500 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The shares were acquired at an average price of GBX 63 per share, for a total transaction of £47,565.

Acceler8 Ventures Stock Performance

The business’s fifty day simple moving average is GBX 73.56. The stock has a market cap of £466.35 million and a P/E ratio of -11.39.

Acceler8 Ventures Company Profile

Acceler8 Ventures plc is a publicly listed investment company focused on identifying and supporting businesses with growth potential. The company’s stated areas of interest include sports, media, entertainment and related consumer or technology opportunities.

Rather than operating a broad portfolio of traditional products or services, Acceler8 Ventures provides capital and strategic support to businesses in its investment portfolio. Its activities may include evaluating new investment opportunities, developing existing holdings and helping portfolio companies pursue expansion.

Acceler8 Ventures is listed in London under the ticker symbol AC8.