Unveiling Insider Buys
When insiders reach into their own pockets and purchase company stock, it tends to send a potent signal to investors. Such actions, driven by the belief that the stock value will ascend, carry more weight than mere words. Today’s focus is on two substantial insider purchases that illustrate this financial conviction.
Devon Energy: Muncrief’s Move
Devon Energy witnessed CEO Richard E. Muncrief’s definitive gesture when he acquired 15,000 shares of DVN at $44.42 each. Muncrief’s investment of $666,300 speaks volumes about his faith in the company. Notably, this isn’t his first vote of confidence in the past year. Muncrief previously invested $377,250 in shares priced at $50.30.
WillScot Mobile Mini Holdings: Soultz’s Stand
CEO Bradley Lee Soultz cemented his commitment to WillScot Mobile Mini Holdings by purchasing $238,788 worth of WSC, totaling 5,000 shares at $47.76 per share. This recent move adds to Soultz’s track record of confidence, with three other purchases over the last year amounting to $605,802 at an average of $40.39 per share.
VIDEO: Tuesday 3/5 Insider Buying Report: DVN, WSC
The author’s viewpoints solely, does not reflect those of Nasdaq, Inc.
