Insider Trading Spotlight: Massive Purchase by My City Builders, Inc. VP Yolanda Goodell

Transaction Overview

In a significant insider transaction, Yolanda Goodell, Vice President of My City Builders, Inc. (Ticker: MYCB), purchased 3,800,000 shares of common stock at a price of $0.20 per share on January 19, 2024. This transaction, valued at $760,000.01, brings Goodell's total ownership to 3,822,713 shares, signaling a strong vote of confidence in the company's future.

Transaction Facts

Insider's Historical Trading Activity

Prior to this transaction, Yolanda Goodell has been an active participant in the market, with several notable purchases over the past year. These transactions have ranged significantly in market value, with a purchase of 3,200 shares at $1,000 per share in September 2022 being one of the most substantial. Goodell's consistent accumulation of shares suggests a long-term investment strategy and belief in the company's prospects.

Market Data Context

My City Builders, Inc. has experienced a notable decline in share price over the past year, with a 94.87% decrease from its fifty-two-week high. The company's ten-day average daily volume stands at $0, indicating a lack of recent trading activity, which makes Goodell's transaction even more significant. Despite the low trading volume and price decline, Goodell's purchase could be seen as a strategic move, potentially anticipating a turnaround for the company.

Company and Industry Background

My City Builders, Inc., operating in the real estate sector, focuses on developing properties for low-income individuals and families. The company, which has undergone several name changes, now positions itself within the Financial Services sector, specifically within Shell Companies. This background, combined with the insider transaction, may suggest upcoming strategic developments or initiatives.

Significance of the Transaction

The purchase by Yolanda Goodell is particularly noteworthy given the company's current market capitalization of USD 557,351 and the size of the transaction relative to this figure. Goodell's role as Vice President and her substantial stake in the company post-transaction underline the importance of this insider activity. Market observers and investors may interpret this as a positive indicator, potentially leading to increased investor interest and scrutiny of the company's future announcements.

Conclusion

The recent insider transaction by Yolanda Goodell represents a significant investment in My City Builders, Inc. and could be a precursor to positive company developments. Given the company's challenging market performance, this insider purchase may serve as a catalyst for a shift in market sentiment and warrants close monitoring by investors and analysts.