Chan Heng Fai Ambrose, Executive Chairman and a significant shareholder of Sharing Services Global Corp (OTC:SHRG), a micro-cap company with a market capitalization of $0.6 million, recently acquired additional shares of the company. According to InvestingPro analysis, the company's overall financial health score is currently rated as Weak. According to a recent SEC filing, Mr. Chan purchased a total of 8,254 shares over two transactions. On January 21, 2025, he bought 7,701 shares at a weighted average price of $1.718 per share, and on January 22, 2025, he acquired another 553 shares at a weighted average price of $2.00 per share. The total value of these purchases amounts to $14,336. These transactions have increased Mr. Chan's direct ownership in the company. The stock, which has seen a remarkable 200% gain year-to-date, is currently trading at $3, suggesting it may be overvalued based on InvestingPro's Fair Value assessment. Discover more insider trading patterns and 12+ additional ProTips with an InvestingPro subscription.
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