In recent trading activity, HRT Financial LP, a significant shareholder in XChange TEC Inc. (NASDAQ: XHG), has completed a significant transaction involving the company’s Class A shares. On December 30, 2024, HRT Financial sold 20,385 shares at $0.90 each, for a total of $18,346. With this sale, HRT Financija’s share was reduced to 9,720 shares. The transaction comes amid significant market volatility for XHG, whose share price has fallen 94% over the past six months, according to InvestingPro data.
Earlier this week, on December 27, 2024, HRT Financial acquired 12,027 Class A shares at a price of $0.89 per share, for a total of $10,704. This acquisition brought their total holding to 30,105 shares before the subsequent sale. With a current market cap of just $6.06 million and a WEAK financial health rating, InvestingPro the analysis suggests that the stock is currently undervalued relative to its fair value.
The transactions were signed by Adam Nunes, a representative of HRT Financija, and were filed with the SEC on January 2, 2025. Despite the recent decline, XHG showed a modest year-to-date gain of 6.7%.
In other recent news, XChange TEC.INC, a micro-cap insurance technology company, has regained compliance with Nasdaq’s minimum bid price requirement. The company was previously flagged as non-compliant, but its share price has now reached the Nasdaq Capital Market’s minimum bid of $1 per share. Furthermore, XChange TEC.INC has announced a corporate restructuring, the details of which have not been detailed. Such changes often involve organizational adjustments that could affect the company’s management, operations or financial strategies. These are recent developments that investors and interested parties will likely be watching closely. It is important to note that the company’s forward-looking statements reflect plans and expectations for future operations, but actual results may differ due to various factors and uncertainties. These details are based on press releases and filings with the US Securities and Exchange Commission.
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