Freedom Pick of the Week at Smart Insider Following Unit Chairman Lukyanov's Stock Purchase

MT Newswires Live09-09

Freedom (FRHC) was Smart Insider's stock pick of the week after the company's unit Chairman Sergey Lukyanov purchased $983,000 worth of company shares at $171.67 apiece on Aug. 29, raising his ownership by 5%.

The purchase follows a similar purchase the unit chairman made in July at $145 per share, which has been "very timely," Smart Insider said in a Tuesday note.

Lukyanov was a seller until February and these are changes in "sentiment" for him, according to the note.

The stock had a +1 rank following a $85,000 stock buy from President Askar Tashtitov in late June and Lukyanov's $1 million purchase on July 1, the note said.

It is "interesting" to see Lukyanov made another "large" purchase, the note said.

Smart Insider renewed the stock +1, or strong positive signal, on Sept. 3.

Freedom's stock was up 1.2% in recent Tuesday premarket activity.

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