By Davit Kirakosyan
Insider buying and selling activities are important for investors to pay attention to. While insiders sell for many reasons, including taxes, it doesn’t always send the right message to investors when the top person is selling. On the opposite side, insiders buy for one reason – because they feel the stock is too cheap, although that doesn’t necessarily mean they are right. On either side of the trade, it is always important to pay attention to the action, especially from the top brass.
Below we highlighted two insider buys and one insider sell from today:
Oil States International Inc (NYSE:OIS) COO, Philip Scott Moses, purchased 58,624 shares on September 23 at $3.60-$3.63.
Macerich (NYSE:MAC) CEO, Thomas O'Hern, purchased 12,820 shares on September 23 at a price of $7.766.
Tritium DCFC Ltd (NASDAQ:DCFC) Executive Director, FINNMAX PTY LTD as trustee for FINN FAMILY TRUST, filed 144 paperwork to sell 1 million shares, with the expected sale date of September 27. The shares are worth $5.54 million.