She took advantage of the post-earnings drop: Keren Cohen-Hazon purchased Turpaz shares for NIS 5 million

Keren Cohen-Hazon, CEO and controlling shareholder of Turpaz, purchased shares for NIS 5 million after a 6% drop in the stock following the earnings report. The purchase raised her holdings to 37.9%. The company reported record revenues of $94 million, but net profit grew only 6% due to margin erosion.

Keren Cohen-Hazon, CEO and controlling shareholder of Turpaz, took advantage of the stock price decline after the earnings report and purchased shares for NIS 5 million. The purchase was carried out in a series of stock exchange transactions at a price of NIS 51.96 per share, about 6% below the base price. Following the purchase, her holdings rose to 37.9%. The background to the purchase is a 6% drop in the stock after the report, completing a 21% decline since the beginning of the year, with the company's market cap standing at about NIS 5.7 billion, compared to a peak of NIS 9.6 billion in February. The quarterly report showed record revenues of $94 million, growth of 22.6%, but adjusted net profit grew only 6% to $11.6 million, due to erosion in operating profitability from the raw materials segment. Cohen-Hazon had previously refrained from selling shares, but last year she sold shares for NIS 50 million and at the beginning of this year for NIS 100 million to a foreign investment bank.

She took advantage of the post-earnings drop: Keren Cohen-Hazon purchased Turpaz shares for NIS 5 million