Helbiz Inc HLBZ shares are trading higher Tuesday after the company filed a Form 4 with the U.S. Securities and Exchange Commision on Monday showing that CEO Salvatore Palella increased his stake in the company.
According to the SEC filing, Palella bought 2,044,676 additional shares at an average price of 99 cents per share, nearly doubling his stake in Helbiz. Following the purchase, Palella now owns a total of 4,544,676 shares of the company.
Helbiz provides electric micro-mobility services. The company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform around the globe.
Related Link: Insiders Buy More Than $3M Of 3 Penny Stocks
HLBZ Price Action: Helbiz shares have traded between 91 cents and $41.88 over a 52-week period.
The stock was up 19.6% at $1.10 at time of publication, according to data from Benzinga Pro.
Photo: courtesy of Helbiz.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.