NII Holdings, Inc. (NASDAQ:NIHD) major shareholder 683 Capital Management, Llc acquired 874,345 shares of NII stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $0.83 per share, with a total value of $725,706.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
683 Capital Management, Llc also recently made the following trade(s):
- On Friday, February 23rd, 683 Capital Management, Llc acquired 707,092 shares of NII stock. The shares were bought at an average cost of $0.80 per share, with a total value of $565,673.60.
NII Holdings, Inc. (NASDAQ NIHD) traded up $0.07 during mid-day trading on Tuesday, reaching $1.23. 4,050,000 shares of the company’s stock were exchanged, compared to its average volume of 1,350,000. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.77 and a current ratio of 0.78. NII Holdings, Inc. has a 1 year low of $0.22 and a 1 year high of $2.15. The company has a market capitalization of $116.56 and a PE ratio of -0.32.
NII Holdings, Inc provides wireless communication services under the Nextel brand in Brazil. It offers mobile telephone voice services; wireless data services, including text messaging, mobile Internet, and email services; and push-to-talk services, such as Direct Connect, and Prip and International Direct Connect services, which allow subscribers to talk to each other instantly.
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