HWH International Inc. (NASDAQ:HWH) shares jumped 138.36% to $2.92 in after-hours trading on Tuesday following a pair of Securities and Exchange Commission filings disclosing insider buying and a majority shareholder stake increase.
Alset Boosts HWH Stake To 80.5%
According to a Tuesday SEC filing, majority shareholder Maryland-based diversified holding company Alset Inc. purchased 250,000 newly issued shares at $2.00 each on Monday, injecting $500,000 directly into HWH.
Post-transaction, Alset’s consolidated ownership rises to 80.5% from 79.8%.
On the same day, HWH CEO Chan Heng Fai, who also chairs and controls Alset, separately disclosed the purchase via a separate SEC filing, reflecting 5,261,719 shares of beneficial ownership across direct and subsidiary holdings.
The dual role makes the transaction a direct insider confidence signal.
Trading Metrics, Technical Analysis
HWH International, a Maryland-based purpose-driven lifestyle and wellness company, has a market capitalization of $9.16 million, with a 52-week high of $7.77 and a low of $0.89.
The small-cap stock has a Relative Strength Index (RSI) of 65.48.
Over the past 12 months, HWH has dropped 5.04%.
The small-cap stock is currently trading near its annual low, at approximately 5% of its 52-week range.
Price Action: According to Benzinga Pro data, HWH closed Tuesday’s regular trading session up 4.70% at $1.22.
Benzinga's Edge Stock Rankings indicate that MSW is experiencing short-term upward movement along with medium and long-term consolidation.
Photo Courtesy: Gorodenkoff on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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