This macroenvironment has made a lot of CEOs hesitant to buy their own company's stock. However, some CEOs who are confident about their company would be willing to put their money where their mouth is. Peter Lynch once said, “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.”
Here are the top 5 CEO insider purchases for the past 3 days:
Filing Date Trade Date Ticker Insider Name Value
12/13/2022 18:21 12/9/2022 SOFI Noto Anthony $5,009,238
12/13/2022 16:47 12/9/2022 CELC Sullivan Brian F. $1,499,997
12/13/2022 16:21 12/12/2022 PSA Russell Joseph D Jr. $744,137
12/14/2022 16:06 12/12/2022 RKT Farner Jay $600,724
12/14/2022 17:00 12/12/2022 OABI Foehr Matthew W $564,765
Insiders buying is a bullish sign as it shows confidence in their own company and it is a signal that the insiders think the stock price is likely to go up. Of course, your money is your own responsibility and you should always invest wisely.
Leave a Reply