Shearwater Group (SWG) Trading Up 4.7%

Shearwater Group PLC (LON:SWG) shares were up 4.7% during mid-day trading on Thursday . The company traded as high as GBX 2.25 ($0.03) and last traded at GBX 2.23 ($0.03). Approximately 2,958,463 shares were traded during trading, an increase of 352% from the average daily volume of 654,068 shares. The stock had previously closed at GBX 2.13 ($0.03).

In related news, insider Phil Higgins acquired 2,500,000 shares of the business’s stock in a transaction on Monday, December 24th. The stock was bought at an average cost of GBX 3 ($0.04) per share, with a total value of £75,000 ($98,000.78).

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About Shearwater Group (LON:SWG)

Shearwater Group PLC provides digital resilience solutions in the United Kingdom. The company operates in two segments, software and services. It offers multifactor authentication software solutions, and identity and access management security solutions; digital, operational, and regulatory solutions and services; enterprise grade security for small to medium sized businesses; and information, network, and application security solutions, as well as cyber essentials advisory, training, and outsourced IT services.

Further Reading: Why do company’s buyback their stock?

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