The recent 6.9% drop in NCC Group plc’s (LON:NCC) stock could come as a blow to insiders who purchased UK£249k worth of stock at an average buy price of UK£2.67 over the past 12 months. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth UK£203k, which is not what they expected.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for NCC Group
NCC Group Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Non-Executive Chairman Christopher Michael Stone bought UK£100k worth of shares at a price of UK£2.60 per share. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being UK£2.18). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the…
