Itâs been a good week for the S&P/ASX 200 Index (ASX: XJO). Itâs lifted 1.3% since this time last week to trade at around 7,300 points at the time of writing.
And thatâs not the only excitement going down on the Aussie bourse. Two ASX 200 directors have been buying and selling their companies’ shares recently.
Letâs take a closer look at the insiders shaking up their holdings over the past week.
2 ASX 200 directors trading in their company’s shares
The share price of ASX 200 fast-food restaurant manager Collins Food Ltd (ASX: CKF) has taken a tumble in recent weeks, and insiders have seemingly taken advantage.
The Collins Food share price dumped 20% last week after the company revealed its half-year profits had tumbled 58% amid inflationary challenges.
While the news was likely disappointing, it might have presented a buying opportunity judging by the slew of insider buying that went down following the tumble.
Most recently, non-executive director Kevin Perkins bolstered his stake by 20,000 shares bought on-market for a total of $160,141. That equates to around $8 apiece.
Thatâs just 40 cents off the two-year low of $7.60 posted by the stock last Wednesday.
On the other hand, insider selling has also been going down at ASX 200 tech favourite TechnologyOne Ltd (ASX: TNE) following a share price rally.
Stock in the software company has risen nearly 50% from its May low. The company’s share price is also boasting a 19.5% gain over the last 30 days. Of course, there is a multitude of reasons an insider, like Rick Anstey, might choose to sell down their holding.
The director indirectly offloaded 14,000 TechnologyOne shares late last week, pocketing $196,320 for the sale. That equals around $14.02 apiece.
The ASX 200 share hit a record high of $14.43 in yesterdayâs session.
The post 2 ASX 200 directors buying and selling their company shares in the past week appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper 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 Collins Foods. The Motley Fool Australia has recommended Collins Foods and Technology One. 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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