CPPGroup Plc (LON:CPP)’s share price dropped 16.1% on Friday . The stock traded as low as GBX 5.60 ($0.07) and last traded at GBX 5.60 ($0.07). Approximately 150,000 shares changed hands during trading, an increase of 27% from the average daily volume of 117,776 shares. The stock had previously closed at GBX 6.68 ($0.09).

Separately, Liberum Capital initiated coverage on CPPGroup in a research report on Friday, October 26th. They set a “buy” rating and a GBX 15 ($0.20) price objective for the company.

In related news, insider Jason Walsh bought 316,243 shares of the business’s stock in a transaction dated Tuesday, October 2nd. The shares were purchased at an average price of GBX 10 ($0.13) per share, with a total value of £31,624.30 ($41,322.75).

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About CPPGroup (LON:CPP)

CPPGroup Plc provides assistance products for the financial services and telecommunications sectors in the United Kingdom, Ireland, Europe, Latin America, and the Asia Pacific. It provides Card Rescue, a membership service that gives 24/7 assistance to cancel lost or stolen cards, and sort out replacements; Card Protection to report lost and stolen cards; and Identity Safe that provides assistance services to detect, prevent, and resolve identity fraud.

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