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In recent transactions reported by Janel Corp (NASDAQ:JANL), Director Gregory B. Graves has acquired additional shares of the company’s common stock. According to the SEC filing, Graves purchased a total of 329 shares over two days, amounting to a total investment of $11,797. The purchases come as the $47.45 million market cap company has seen its stock surge over 20% in the past week.
On February 20, Graves acquired 129 shares at a price of $35.25 each. The following day, he purchased an additional 200 shares at $36.25 per share. These transactions increased his total holdings to 5,000 shares. The company’s stock currently trades at a P/E ratio of 138x, while maintaining solid revenue growth of 13.5% over the last twelve months.
Investors often keep a close watch on insider transactions, such as these, to gauge the confidence of company executives in the future prospects of the business. For deeper insights into JANL’s valuation and growth metrics, InvestingPro subscribers have access to over 10 additional exclusive tips and comprehensive financial analysis.
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