I think it can be useful for investors to keep an eye on which shares have experienced meaningful insider buying and selling.
That’s because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its directors.
If they are buying, it could be a sign that they are confident in the direction the company is heading and see value in its shares.
Conversely, if they are selling, it could be a sign that they think the shares are fully valued. After all, you would be reluctant to sell if you thought they were worth more.
With that in mind, listed below are three ASX 200 shares that have reported meaningful insider activity recently. They are as follows:
CSL Ltd (ASX: CSL)
The CEO of CSL appears to believe the beaten down biotech giant’s shares are good value at current levels.
According to a recent change of director’s interest notice, Gordon Naylor was buying shares on market on 26 May. The company’s leader snapped up a total of 1,100 CSL shares for a total consideration of $107,800. This equates to an average of $98.00 per share, which is a premium to what investors can pay on the market today ($92.86).
CSL shares are down around 45% since the start of the year.
Endeavour Group Ltd (ASX: EDV)
Another beaten down ASX 200 share that has reported insider buying is drinks giant Endeavour Group.
Two of the Dan Murphy’s and BWS owner’s executives have been buying shares recently.
Earlier this week, Endeavour’s independent non-executive director, Penny Winn, bought 26,165 shares through an on-market trade. She paid a total of $75,054.79, which represents a price of $2.8685 each.
Late last week, fellow independent non-executive director, Michael Ihlein, snapped up a sizeable 88,000 Endeavour shares for a total consideration of $250,800.
Endeavour shares are down around 20% since the turn of the year.
PLS Group Ltd (ASX: PLS)
The CEO of this lithium giant has been selling shares recently.
Last week, Dale Henderson sold a total of 627,500 PLS shares for a consideration of $4,032,145.60. This represents an average sale price of approximately $6.43 per share, which compares favourably to its current share price of $6.29.
The notice advises that the on-market share sale by Henderson was “for tax obligations and portfolio rebalancing purposes.”
It also highlights that following completion of the transaction, Henderson will continue to hold approximately 2.8 million shares and vested but unexercised performance rights in the company.
PLS shares are up 425% over the past 12 months.
The post 3 ASX 200 shares reporting major insider buying and selling appeared first on The Motley Fool Australia.
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More reading
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- Up 473% in a year, should I buy PLS shares today?
Motley Fool contributor James Mickleboro has positions in CSL and Endeavour Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.