![]() When insiders buy in a cluster, it’s because they all know something very good is going on at the company. The opportunity to make more money motivates people- even people who are already well off like highly paid CEOs and CFOs. Why do insiders spend so much of their money on their own companies’ stock when they already own a ton of shares already? But once you do, that’s where big rewards can be found.Ĭluster Buying Sends the Strongest Signal Investors therefore have to dig below the surface to find the insider cluster buys. ![]() ![]() The cluster buy simply isn’t glamorous enough. There aren’t going to be headlines trumpeting the buys of a few corporate Directors and a CFO. When one insider buys, he might be considered an optimist, especially when he’s the CEO, but when four or five insiders all buy at the same time?īut you’re not going to hear about the cluster buys from the media. This mass insider buying behavior is called a “cluster buy” and it is the strongest signal you can get in insider trading. But he was a rare second insider to buy at Tesla in the last few years.īut what about when non-famous insiders buy their company’s stock and when a bunch of them buy en masse? ![]() In Feb 2020, Oracle Executive Chairman, and a Tesla director, Larry Ellison, also bought shares. When Elon Musk bought in 20, he was the only insider at Tesla buying at that time. In June and Oct 2018, he was at it again with another two purchases totaling $35 million in shares.Īs recently as Feb 2020, before the Coronavirus Crisis hit the United States, he bought another $10 million at $767. In 2013, Elon Musk, the CEO of Tesla, bought over a million shares of Tesla stock for $100 million even though he already had plenty of shares. We love it when a famous CEO buys a large chunk of his company’s stock. ![]()
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