Insider Buying: InterGroup Corp (NASDAQ:INTG) Major Shareholder Acquires $37,440.00 in Stock

InterGroup Corp (NASDAQ:INTG) major shareholder Corp Intergroup acquired 1,040 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of $36.00 per share, with a total value of $37,440.00. Following the completion of the transaction, the insider now directly owns 99,602 shares in the company, valued at approximately $3,585,672. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Corp Intergroup also recently made the following trade(s):

  • On Friday, June 19th, Corp Intergroup acquired 500 shares of InterGroup stock. The shares were acquired at an average cost of $29.20 per share, with a total value of $14,600.00.

Shares of NASDAQ:INTG opened at $25.56 on Friday. The business has a 50-day moving average price of $27.22 and a 200 day moving average price of $31.35. InterGroup Corp has a 12-month low of $23.85 and a 12-month high of $38.60.

An institutional investor recently raised its position in InterGroup stock. Wedbush Securities Inc. boosted its position in shares of InterGroup Corp (NASDAQ:INTG) by 7.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,541 shares of the financial services provider’s stock after acquiring an additional 3,541 shares during the quarter. Wedbush Securities Inc. owned 2.11% of InterGroup worth $1,408,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.53% of the company’s stock.

Separately, TheStreet downgraded InterGroup from a “c-” rating to a “d” rating in a research report on Wednesday, June 24th.

About InterGroup

The InterGroup Corporation, through its subsidiaries, operates a hotel under the Hilton San Francisco Financial District name located in San Francisco, California. It operates through three segments: Hotel Operations, Real Estate Operations, and Investment Transactions. The company's hotel consists of 544 guest rooms and luxury suites with approximately 22,000 square feet of meeting room space, grand ballroom, five level underground parking garage, pedestrian bridge, and Chinese culture center.

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Insider Buying and Selling by Quarter for InterGroup (NASDAQ:INTG)

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