IMImobile PLC (LON:IMO)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 208 ($2.72) and last traded at GBX 208 ($2.72), with a volume of 93816 shares trading hands. The stock had previously closed at GBX 215 ($2.81).
Separately, Canaccord Genuity initiated coverage on IMImobile in a research report on Friday, February 1st. They issued a “buy” rating and a GBX 310 ($4.05) target price for the company.
In related news, insider Charles John Allwood acquired 10,000 shares of the stock in a transaction dated Friday, January 4th. The stock was bought at an average cost of GBX 215 ($2.81) per share, for a total transaction of £21,500 ($28,093.56). Also, insider Vishwanath Alluri acquired 85,000 shares of the stock in a transaction dated Thursday, January 24th. The shares were bought at an average price of GBX 214 ($2.80) per share, with a total value of £181,900 ($237,684.57).
About IMImobile (LON:IMO)
IMImobile PLC provides cloud communications software and solutions that enables companies to use mobile and digital technologies to communicate and engage with their customers. The company offers IMIbot.ai, a modular AI platform for the end-to-end delivery of automated conversational experiences across the customer lifecycle; IMIchat, a cloud application that consolidates digital, mobile, and social customer service channels to a single agent desktop; IMIcampaign, a cloud campaign management application designed for multi-channel communication; IMIconnect, an enterprise-grade communications platform; and MIsocial that enhances live programming with audience content.
Further Reading: Quiet Period
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