SUMAU (NASDAQ:SUMAU) Stock Rating Upgraded by Wall Street Zen

SUMAU (NASDAQ:SUMAU) was upgraded by Wall Street Zen to a “hold” rating in a report released on Saturday.

SUMAU Trading Down 0.2%

NASDAQ:SUMAU opened at $10.00 on Friday. SUMAU has a 1 year low of $9.98 and a 1 year high of $10.04.

Insider Transactions at SUMAU

In related news, insider Naseem Saloojee purchased 316,875 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $3,168,750.00. Following the completion of the purchase, the insider directly owned 316,875 shares of the company’s stock, valued at approximately $3,168,750. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.