- Insider buying can be an encouraging signal for potential investors when markets are near all-time highs.
- Several insiders made return trips to purchase additional shares last week.
- An activist investor also came back to the buy window as well.
Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason: they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when markets are near all-time highs.
Insiders continued to add shares despite market volatility and economic uncertainty. Here are some of the most noteworthy insider purchases reported in the past week.
Avis Budget Group Inc. (NASDAQ: CAR) saw a 10% owner increase its stake once more. The more than 279,200 additional shares were indirectly acquired for $33.28 to $34.49 each. That totaled over $9.49 million. This same