Banco Bradesco shares hit 52-week high following insider purchase

Banco Bradesco S.A. shares recently reached a new 52-week high, trading as high as $4.34 during mid-day sessions. The bank's stock has seen significant movement, following a previous close of $3.65.

In a recent SEC Form 4 filing, Director Paulo Rogerio Caffarelli reported a direct purchase of 31,266 preference shares. The transaction, valued at approximately $562,163, established a 0.0003% ownership stake for the director. The weighted average purchase price was reported at $17.98 per share, which was notably higher than the market close on the transaction date.

Financial metrics for the institution include a market capitalization of approximately $46.26 billion and a recent quarterly revenue of $6.77 billion. The company also announced a special dividend of $0.0728 per share, with an ex-dividend date set for October 15.