IWG plc (LON:IWG – Get Free Report) shares dropped 2% on Friday . The company traded as low as GBX 168.60 ($2.13) and last traded at GBX 169.20 ($2.14). Approximately 861,740 shares were traded during trading, a decline of 49% from the average daily volume of 1,674,819 shares. The stock had previously closed at GBX 172.60 ($2.18).
Analysts Set New Price Targets
Separately, Royal Bank of Canada lowered their target price on shares of IWG from GBX 190 ($2.40) to GBX 155 ($1.96) and set a “sector perform” rating on the stock in a research note on Monday, July 10th.
IWG Stock Performance
Insiders Place Their Bets
In related news, insider Mark Dixon purchased 41,562 shares of the firm’s stock in a transaction on Thursday, June 29th. The shares were acquired at an average price of GBX 134 ($1.69) per share, for a total transaction of £55,693.08 ($70,337.31). Corporate insiders own 28.87% of the company’s stock.
IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, the United Kingdom, and internationally. The company offers coworking and collaboration spaces; flexible and scalable spaces; work and community spaces; private, professional, and memberships workspaces; virtual offices, meeting rooms, and lounges; and reception services and conference products.
- Five stocks we like better than IWG
- How to Invest in Cannabis, Step by Step
- MarketBeat Week in Review – 9/4 – 9/8
- What is a Bond Market Holiday? How to Invest and Trade
- The Best 5 Small Cap AI Companies to Buy Now
- Are Penny Stocks a Good Fit for Your Portfolio?
- Miso Robotics Stock: Is an IPO Coming Soon?
Receive News & Ratings for IWG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IWG and related companies with MarketBeat.com's FREE daily email newsletter.