07:50 AM EDT, 03/25/2025 (MT Newswires) -- Millicom International Cellular ( TIGO ) was Smart Insider's stock pick of the week after the company's director Jules Niel bought 849,021 SDRs on March 14 for $25 million, or 299.06 Swedish kronor ($29.90) apiece.

The purchase is indirect to Atlas, an entity owned by the Niel family that has roughly 42% of the company's stake, Smart Insider said in a note Tuesday.

"Seeing the purchase while the stock is near a multi-year high is interesting," the note added.

The purchase also shows that Niel is not "privy" to material non-public information and is also "likely confident" in Millicom International's prospects, Smart Insider said.

Smart Insider ranked the stock +1, or strong positive signal, on Wednesday.