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Monday, May 03, 2021 10:47:51 AM
Insider Weekends: Alexander Otto Sells A Big Chunk Of SITE Centers
By: InsideArbitrage | May 2, 2021
Welcome to edition 566 of Insider Weekends. Insider buying decreased significantly last week with insiders purchasing $5.99 million of stock purchased compared to $29.53 million in the week prior. Selling also decreased significantly to $1.15 billion compared to $1.68 billion in the week prior.
I didn’t recollect seeing insider buying dry down to just about $6 million in a week in a very long time but our memories are fallible and I noticed that insider buying also dipped to this level in late January. A combination of earnings season combined with a market that is close to a new high could be weighing down insider enthusiasm.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 192.36. In other words, insiders sold more than 192 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 57.06.
Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.
Notable Insider Buys:
1. Chipotle Mexican Grill, Inc. (CMG): $1492.03
Director Matt Carey acquired 673 shares of this restaurant chain, paying $1485.00 per share for a total amount of $999,405. Mr. Carey increased his stake by 4807.14% to 687 shares with this purchase.
Mr. Carey is the Executive Vice President and Chief Information Officer of The Home Depot and joined Chipotle’s board on March 30, 2021. New directors often tend to buy stock and I would not read much into this purchase.
Read Full Story »»»
DiscoverGold
By: InsideArbitrage | May 2, 2021
Welcome to edition 566 of Insider Weekends. Insider buying decreased significantly last week with insiders purchasing $5.99 million of stock purchased compared to $29.53 million in the week prior. Selling also decreased significantly to $1.15 billion compared to $1.68 billion in the week prior.
I didn’t recollect seeing insider buying dry down to just about $6 million in a week in a very long time but our memories are fallible and I noticed that insider buying also dipped to this level in late January. A combination of earnings season combined with a market that is close to a new high could be weighing down insider enthusiasm.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 192.36. In other words, insiders sold more than 192 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 57.06.
Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.
Notable Insider Buys:
1. Chipotle Mexican Grill, Inc. (CMG): $1492.03
Director Matt Carey acquired 673 shares of this restaurant chain, paying $1485.00 per share for a total amount of $999,405. Mr. Carey increased his stake by 4807.14% to 687 shares with this purchase.
Mr. Carey is the Executive Vice President and Chief Information Officer of The Home Depot and joined Chipotle’s board on March 30, 2021. New directors often tend to buy stock and I would not read much into this purchase.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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