Mike Novogratz Announces Additional Purchases Due to Discrepancy in Galaxy Digital Stock Price
GLXY Galaxy Digital Inc
$14.11 -2.76%
View chart & analysis → - 1Galaxy Digital CEO Mike Novogratz announced he is buying more shares, citing a massive discrepancy between the current stock price and the company's value.
- 2While Galaxy Digital stock fell approximately 41% over the past month, Galaxy Digital shares showed a decline of approximately 7% by Thursday's close.
- 3Morgan Stanley stated it will re-examine Galaxy's Helios II expansion outlook following the Texas election results.
So what's the key point?
The CEO decided that Galaxy Digital's stock price has fallen too far below its actual value, so he has decided to buy more shares.
Source The Wall Street Journal +1 · View original ↗
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