Yahoo Finance Several Insiders Invested In Redwire Flagging Positive News
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Redwire Corporation (NYSE:RDW), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Redwire
The Last 12 Months Of Insider Transactions At Redwire
In the last twelve months, the biggest single purchase by an insider was when Independent Director John Bolton bought US$88k worth of shares at a price of US$2.01 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$2.66. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Redwire insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Redwire is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Redwire
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 3.0% of Redwire shares, worth about US$5.1m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Redwire Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Redwire shares in the last quarter. 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 Redwire stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Redwire. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of Redwire.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.
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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.
