By Davit Kerakossian
Insider buying and selling activities are important for investors to pay attention to. While insiders sell for many reasons, including taxes, it doesn’t always send the right message to investors when the top person is selling. On the flip side, insiders buy for one reason – because they feel the stock is too cheap, although that doesn’t necessarily mean they’re right. On both sides of the trade, it is always important to pay attention to the procedure, especially from the senior officers.
Below we’ve highlighted two insider buying and insider selling from today:
International Petroleum Corporation (NYSE: COO, Philip Scott Moses, bought 58,624 shares on September 23 at $3.60 – $3.63.
The CEO of Macerich (NYSE: Thomas O’Hern) bought 1,820 shares on September 23 at $7,766.
Tritium DCFC Ltd (NASDAQ :), the CEO of FINNMAX PTY LTD as trustee of the FINN FAMILY TRUST, has submitted 144 notes for the sale of one million shares, with an expected sale date of September 27. The shares are valued at $5.54 million.
