Insider Buys Signal Confidence at Rockwell Automation and Diebold Nixdorf
Recent Stock Purchases Highlight Positive Outlook from Executives
According to popular financial wisdom, insiders have various reasons for selling a stock, but they primarily buy with one goal in mind — to earn profit. Recently, there have been two significant insider purchases that merit attention.
On Tuesday, Christian E. Rothe, the CFO of Rockwell Automation, invested $2.00 million in shares of ROK. He purchased 7,273 shares at $275.11 each. At the peak of today’s trading session, Rothe had already seen a gain of approximately 3.3%, as ROK reached a high of $284.26. As of this afternoon, Rockwell Automation shares are up about 2.2% on Wednesday.
Additionally, on the same day, Frank Tobias Baur, the EVP of Operational Excellence at Diebold Nixdorf, bought $219,966 worth of DBD, acquiring 5,310 shares at a price of $41.42 each. This latest purchase adds to his previous investments in the past year, totaling $212,402 at an average cost of $39.70 per share. On Wednesday, Diebold Nixdorf Inc shares have increased by approximately 1.6%.
VIDEO: Wednesday 11/13 Insider Buying Report: ROK, DBD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
