MUX CFO Perry ING Sells Shares
CFO Perry ING sold 2,666 shares of MUX on June 28, 2026.
Key Points
- Perry ING, CFO of MUX, sold 2,666 shares on June 28, 2026, with the stock trading near $17.94.
- State Street Corp increased its holdings by 53.5%, ending with over 3.3 million shares valued at about $68.7 million.
- Analysts from Roth Capital and HC Wainwright maintain 'buy' ratings, with targets as high as $35.
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Perry ING, the Chief Financial Officer of MUX, sold 2,666 shares on June 28, 2026. This insider transaction did not involve a pre-planned trading program. The stock traded near $17.94 on the day of the sale.
Other Institutional Activity in MUX
State Street Corp grew its holdings by 1,172,922 shares, ending with 3,363,527 shares worth about $68.7 million, marking a 53.5% increase. Meanwhile, Mirae Asset Global ETFs Holdings Ltd. trimmed its position by 69,665 shares, resulting in 2,133,809 shares valued at approximately $43.6 million, a 3.2% decrease. BlackRock, Inc. added 111,653 shares to hold a total of 1,948,428 shares, valued at about $39.8 million, reflecting a 6.1% increase. Van Eck Associates Corp slightly reduced its stake by 28,103 shares to hold 1,568,957 shares worth around $32 million, a 1.8% decrease. Tidal Investments LLC also reduced its holdings by 113,529 shares, holding 1,360,377 shares valued at $27.8 million, a 7.7% decrease.
Insider Buying and Selling at McEwen Inc.
In addition to Perry ING's sale, other insider transactions occurred on June 29, 2026. William Shaver, the Chief Operating Officer, sold 18,920 shares, while also purchasing 18,920 shares on the same day. Ian Ball bought 160 shares but also sold 310 shares. Perry ING also bought 1,114 shares, showing active trading among MUX insiders.
Analysts Set New Price Targets
On March 18, 2026, Roth Capital maintained a 'buy' rating on MUX, setting a price target of $35. HC Wainwright & Co. also maintained its 'buy' rating with a target of $29.5. Earlier, on January 30, Roth Capital reiterated a 'buy' with a $30 target, and Canaccord Genuity initiated coverage with a 'buy' rating and a $25 target on October 15, 2025.
Bottom Line
The recent insider activity at MUX, including CFO Perry ING's sale, is part of a broader pattern of trades by company executives. While individual insider sales can be notable, they don't necessarily signal a lack of confidence. Institutional investors like State Street Corp have shown strong interest, significantly increasing their positions. Analyst ratings remain consistently positive, with high price targets suggesting optimism about MUX's future performance. As always, 13F filings and insider transactions provide a backward look at investment strategies and should be considered as part of a comprehensive investment analysis.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.