(Alliance News) - Directa SIM Spa reported Wednesday that its CEO, Giancarlo Marino, sold 58,500 shares of the company's common stock and bought back 3,500 shares.

The shares sold changed hands at EUR4.4121, for a total value of EUR258,107.85 while those purchased were taken over at an average price of EUR4.4743 per share, for a total of EUR15,660.05.

Directa SIM's stock is down 0.7 percent at EUR4.32 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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