Alta Equipment Group: Insider Buying Amidst Stock Drop
Update: 2025-12-17
Description
Alta Equipment Groups stock plummeted over four percent today, following a series of disappointing financial results for its third quarter. The companys revenue dropped by nearly six percent compared to last year, falling short of expert predictions. This performance was the weakest among its competitors, raising concerns about future growth. However, a recent insider purchase of forty thousand shares by Savas through Clamantis Holdings at an average price of five dollars and seven cents per share could signal optimism about the companys future. Despite this, Altas shares have been volatile, with a significant drop of nearly twenty-three percent since the start of the year, currently trading at five dollars and six cents per share.
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