MP1 1.43% $7.43 megaport limited

Megaport Ltd (ASX: MP1)Next up, let's talk about another cheap...

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    Megaport Ltd (ASX: MP1)

    Next up, let's talk about another cheap ASX share in tech stock Megaport. Megaport has also had a rough trot of late, with this company's shares down more than 50% since March.

    However, one director seems to have taken notice. An ASX filing reveals that Megaport chair and non-executive director, Melinda Snowden, acquired 3,000 Megaport shares on 1 October in an on-market buy. Snowden picked up those 3,000 shares for an average price of $7.53 each, meaning she spent a total of $22,590.

    This takes Snowden's total position to 11,000 shares, which would be worth around $81,840 at the current share price of $7.44.


 
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