Gamida Cell Ltd (fka GMDAQ)

[midastouch017]

Insiders who bought into Gamida Cell Ltd. (NASDAQ:GMDA) earlier this year might wish they'd invested more as stock gained 113%

Simply Wall St

Thu, April 20, 2023 at 2:24 PM GMT+3

https://finance.yahoo.com/news/insiders-bought-gamida-cell-ltd-112414885.html

Gamida Cell Ltd. (NASDAQ:GMDA) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 113% resulting in a US$69m addition to the company’s market value. In other words, the original US$132k purchase is now worth US$137k.

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.

View our latest analysis for Gamida Cell

Gamida Cell Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Robert Blum bought US$78k worth of shares at a price of US$1.55 per share. So it's clear an insider wanted to buy, at around the current price, which is US$1.60. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

While Gamida Cell insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!