3 ASX 200 directors buying up their company shares in the past week

There are a lot of S&P/ASX 200 Index (ASX: XJO) shares. Their share prices are changing all the time. But how are we meant to know which ones are an opportunity?

Well, we can certainly do our own evaluation and decide if the potential opportunity is good value. But, we can also get an indication from leadership if they decide to buy shares of their own businesses.

Leadership can decide to sell for a number of different reasons – diversification, paying for tax, buying a home and so on.

But, there may be one key reason for buying – the director thinks the business has a good future and they believe that it’s at a good price to buy.

Let’s have a look at which ASX 200 shares have been getting a vote of confidence from their directors.

Wesfarmers Ltd (ASX: WES)

Wesfarmers is the parent business of a number of Australia’s most recognisable retailers including Bunnings, Kmart, Officeworks, Priceline, Target and Catch. It also has a number of industrial businesses, as well as a lithium mining project.

Last week, it was announced by Wesfarmers that director Mike Roche bought 1,500 more Wesfarmers shares at a price of $44.94 per share. So, this investment has already made a small gain on the initial $67,000 purchase. It was an on-market trade.

The superannuation fund that this investment was for, now has a total holding of 4,560 shares. So, in percentage returns, it was a significant increase of the holding.

Corporate Travel Management Ltd (ASX: CTD)

Corporate Travel Management is one of the world’s largest corporate travel companies, helping business people get where they need to be as efficiently as possible.

Director Marissa Peterson is the latest leadership figure to be involved with buying shares of the ASX 200 share.

She decided to buy a total of 10,000 Corporate Travel Management shares at a price of $18.10 per share. This means the total investment cost was $181,000. This investment represents her total holding. It was an on-market trade.

Reliance Worldwide Corporation Ltd (ASX: RWC)

This business says that its portfolio of brands “transform performance and efficiency for plumbing and heating, smart homes and specialist industries around the world.”

The latest director investment was by Darlene Knight who bought 27,000 shares for a total cost of $82,620, which works out to be a price of $3.06. This was an on-market trade.

That brought the total holding to 37,000 shares.

The post 3 ASX 200 directors buying up their company shares in the past week appeared first on The Motley Fool Australia.

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More reading

• Do Wesfarmers shares really offer 22% upside AND growing dividends?
• Morgan Stanley tips how to pick the market bottom, but should you wait to buy ASX shares?
• Experts name 2 ASX 200 dividend shares to buy next week
• Goldman Sachs says these ASX travel shares are buys
• Should you buy the dip in the Wesfarmers share price?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Reliance Worldwide Corporation Limited. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Corporate Travel Management Limited and Reliance Worldwide Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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