Openpay Group Ltd
ASX:OPY
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We don't have any information about OPY's insider trading.
Openpay Group Ltd
Glance View
Openpay Group Ltd. is a payments technology company that offers a buy now, pay later product. The company is headquartered in Melbourne, Victoria. The company went IPO on 2019-12-16. The firm provides services across automotive, healthcare, home improvement, memberships and education industries. The firm's Openpay is used as a cashflow management tool by its finance customers. The Company’s B2B (business to business) offers OpyPro, a Software as a service (SaaS) based platform that allows companies to manage trade accounts end-to-end, including applications, credit checks, approvals and account management in the one system. The firm provides services to customers and merchants in Australia, New Zealand, the United Kingdom and United States.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
