09 Apr Simply Wall St – Cobre Insider Lowered Holding By 12% During Last Year
From what we can see, insiders were net sellers in Cobre Limited’s (ASX:CBE ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.
Although we don’t think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
The Co-Founder & Executive Chairman, Martin Holland, made the biggest insider sale in the last 12 months. That single transaction was for AU$100k worth of shares at a price of AU$0.052 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of AU$0.047. So it is hard to draw any strong conclusion from it. Martin Holland was the only individual insider to sell over the last year.
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