Insider Buying: Magellan Financial Group Ltd (MFG) Insider Acquires 10,000 Shares of Stock

Magellan Financial Group Ltd (ASX:MFG) insider Brett Cairns purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, October 25th. The shares were purchased at an average cost of A$25.00 ($17.73) per share, for a total transaction of A$249,950.00 ($177,269.50).

Shares of ASX:MFG traded up A$0.40 ($0.28) during trading on Tuesday, hitting A$25.85 ($18.33). 264,986 shares of the stock were exchanged, compared to its average volume of 573,232. Magellan Financial Group Ltd has a 12-month low of A$22.70 ($16.10) and a 12-month high of A$29.50 ($20.92).

About Magellan Financial Group

Magellan Financial Group is a publicly owned investment manager. The firm provide its services to high net worth, retail, and institutional investors. Magellan Financial Group is based in Sydney, Australia.

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