Surge in GTI Insider Stock Sales Sparks Investor Anxiety and Analyst Scrutiny

Insider Trading Activity in GTI Raises Eyebrows with Significant Sales in December

In a noteworthy display of insider trading activity at GTI, a series of substantial stock sales by top insiders have been recorded over the past month. This flurry of transactions has sparked interest and concern among market analysts and shareholders, as insiders have offloaded millions of shares in a variety of transactions spanning from late November to late December 2024.

The most active participant in these trades has been Suria Sukses Engineering Sdn Bhd, recognized as a beneficial owner holding over 10% of a class of GTI's securities. On December 20, a significant sale of 4,287,105 shares occurred at prices ranging from $0.20 to $0.41 per share, accumulating a total value of $1,157,543. Just days earlier, on December 17, the same entity offloaded another 1,428,852 shares priced between $0.70 and $0.81 each, amassing a sum of $1,066,196.

Similarly, another prominent figure within the GTI board, Doris Sing Ee Wong, who holds a director position, has been notably active in selling shares. In a transaction on December 9, Wong sold 600,000 shares at a price of $2.17 per share, totaling $1,302,000. Over the course of December, Wong disposed of additional shares in varying quantities and prices, including 165,591 shares on December 4 for $3.16 each.

Hoo Swee Guan, also a director, has played a part in the recent wave of sales, although on a slightly lesser scale. Hoo sold shares on multiple occasions, with a transaction as recent as December 13 involving 100,000 shares at $0.91 each.

A closer look at the trend of insider trading over the last 12 months indicates a consistent pattern of disposals, with 13 major sales in total and no record of insider purchases during this period. The absence of purchases further amplifies the cautious sentiment among investors observing GTI's stock activity.

Despite these significant sell-offs, ownership data reveals that insiders still hold a considerable stake in GTI, with approximately 69.7% of the shares. However, institutional ownership remains minimal, with institutions holding just 0.036% and a float percentage of 0.12%, spread across six institutional entities.

The heavy insider selling raises questions regarding insider confidence in the company's future performance. As GTI navigates through the evolving trading landscape, stakeholders continue to watch closely for any shifts in trend or strategy that might redefine their positions on this stock.