Recent Insider Buys: Phenixfin and Hudson Pacific Properties Make Headlines
When it comes to insider trading, a purchase often signals optimism, while a sale may have various motivations. Let’s take a closer look at two significant insider purchases that caught attention.
On Wednesday, David A. Lorber, the Chairman and CEO of Phenixfin, invested $618,422 in the company’s stock, buying 12,871 shares at $48.05 each. Currently, Lorber’s investment is performing well, showing a 7.2% increase based on today’s trading peak of $51.50. Phenixfin’s stock rose approximately 3% on Monday. This wasn’t Lorber’s first investment; over the past year, he has bought PFX shares on two previous occasions, totaling $88,320 at an average price of $45.55 per share.
In a similar move, Victor J. Coleman, the CEO of Hudson Pacific Properties, purchased 50,000 shares on Wednesday at $2.87 each, culminating in a total investment of $143,500. Prior to this transaction, Coleman had made a single purchase within the last year, spending $176,500 for shares at a price of $3.53 each. On the same day as Coleman’s latest buy, Hudson Pacific Properties saw a decline, trading down around 4.6%.
VIDEO: Monday 12/23 Insider Buying Report: PFX, HPP
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