Potential Visteon Corporation (NASDAQ:VC) shareholders may wish to note that the President, Sachin Lawande, recently bought US$251k worth of stock, paying US$50.25 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.3%.
Visteon Insider Transactions Over The Last Year
Notably, that recent purchase by Sachin Lawande is the biggest insider purchase of Visteon shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$46.58). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Over the last year, we can see that insiders have bought 13.00k shares worth US$698k. But insiders sold 3370 shares worth US$326k. In the last twelve months there was more buying than selling by Visteon insiders. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Visteon insiders own 0.7% of the company, worth about US$9.1m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Visteon Tell Us?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Visteon stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Visteon. You'd be interested to know, that we found 3 warning signs for Visteon and we suggest you have a look.
Of course Visteon may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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