Yahoo Finance Are Insiders Selling Eddie Stobart Logistics plc (LON:ESL) Stock?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell Eddie Stobart Logistics plc (LON:ESL), you may well want to know whether insiders have been buying or selling.
What Is Insider Selling?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, most countries require that the company discloses such transactions to the market.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.
See our latest analysis for Eddie Stobart Logistics
Eddie Stobart Logistics Insider Transactions Over The Last Year
The , David Meir, made the biggest insider sale in the last 12 months. That single transaction was for UK£61k worth of shares at a price of UK£1.21 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (UK£0.97). So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was David Meir.
The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
I will like Eddie Stobart Logistics better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Eddie Stobart Logistics Insiders Bought Stock Recently
We saw some Eddie Stobart Logistics insider buying shares in the last three months. Non-Executive Chairman Philip Swatman bought UK£24k worth of shares in that time. We like it when there are only buyers, and no sellers. However, in this case the amount invested recently is quite small.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Eddie Stobart Logistics insiders have about 0.4% of the stock, worth approximately UK£1.7m. We consider this fairly low insider ownership.
What Might The Insider Transactions At Eddie Stobart Logistics Tell Us?
We note a that there has been a bit of insider buying recently (but no selling). That said, the purchases were not large. The insider transactions at Eddie Stobart Logistics are not inspiring us to buy. We also note that, as far as we can see, insider ownership is fairly low, compared to other companies. Of course, the future is what matters most. So if you are interested in Eddie Stobart Logistics, you should check out this free report on analyst forecasts for the company.
Of course Eddie Stobart Logistics may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
