Insider Selling: Mitel Networks Corporation (MNW) Director Sells 80,000 Shares of Stock

Mitel Networks Corporation (TSE:MNW) (NASDAQ:MITL) Director Richard Mcbee sold 80,000 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of C$7.26, for a total transaction of C$580,800.00.

Richard Mcbee also recently made the following trade(s):

  • On Monday, July 31st, Richard Mcbee sold 130,000 shares of Mitel Networks Corporation stock. The stock was sold at an average price of C$8.35, for a total transaction of C$1,085,500.00.
  • On Friday, July 28th, Richard Mcbee sold 50,000 shares of Mitel Networks Corporation stock. The stock was sold at an average price of C$8.14, for a total transaction of C$407,000.00.
  • On Monday, July 17th, Richard Mcbee sold 55,000 shares of Mitel Networks Corporation stock. The stock was sold at an average price of C$7.07, for a total transaction of C$388,850.00.

Shares of Mitel Networks Corporation (TSE MNW) traded up 0.27% during midday trading on Monday, reaching $10.99. 93,984 shares of the company’s stock were exchanged. The company’s market capitalization is $1.30 billion. The firm has a 50-day moving average of $9.50 and a 200-day moving average of $9.31. Mitel Networks Corporation has a 1-year low of $8.50 and a 1-year high of $11.10.

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Separately, Summit Redstone reissued a “buy” rating on shares of Mitel Networks Corporation in a report on Friday, May 5th.

Insider Buying and Selling by Quarter for Mitel Networks Corporation (TSE:MNW)

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