30 Jul Simply Wall St – Insiders Who Sold Cobre Missed Out On 15% Stock Increase
Last week, Cobre Limited’s (ASX:CBE) stock jumped 15%, but insiders who sold AU$100k worth of stock in over the past year are likely to be in a better position. Selling at an average price of AU$0.052, which is higher than the current price, may have been the best move for these insiders because their investment would have been worth less now than when they sold.
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.
Read Full Article: https://simplywall.st/stocks/au/materials/asx-cbe/cobre-shares/news/insiders-who-sold-cobre-missed-out-on-15-stock-increase