Yahoo Finance SCYNEXIS, Inc. (NASDAQ:SCYX) insiders are still down US$113k after purchasing last year, recent gain helped regain some losses
Some of the losses seen by insiders who purchased US$236k worth of SCYNEXIS, Inc. (NASDAQ:SCYX) shares over the past year were recovered after the stock increased by 22% over the past week. However, total losses seen by insiders are still US$113k since the time of purchase.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for SCYNEXIS
SCYNEXIS Insider Transactions Over The Last Year
The insider Marco Taglietti made the biggest insider purchase in the last 12 months. That single transaction was for US$225k worth of shares at a price of US$3.00 each. That means that an insider was happy to buy shares at above the current price of US$1.56. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
In the last twelve months SCYNEXIS insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
SCYNEXIS is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of SCYNEXIS
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our information indicates that SCYNEXIS insiders own about US$392k worth of shares. This level of insider ownership is notably low, and not very encouraging.
What Might The Insider Transactions At SCYNEXIS Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we'd be more comfortable if they owned more SCYNEXIS stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 5 warning signs that you should run your eye over to get a better picture of SCYNEXIS.
Of course SCYNEXIS may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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