Finance

Axar Capital purchases additional StoneMor stock

 

According to this article and also verified on E-Trade, Axar Capital Management L.P. purchased 3,925,660 shares of StoneMor Partners L.P. stock on Wednesday, October 30, at an average share price of $1.00 per share.  That share price indicated the 52-week low for the stock which had traded as high as $5.01 just over a year ago on November 2, 2018.

The purchase by Axar Capital Management L.P. increased their holding in StoneMor Partners L.P. to 11,674,095 shares of the company.  The stock closed at $1.09 per share on Monday, November 4.

Here is a link to the StoneMor Partners website.

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