Quite a few insiders have dramatically grown their holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) over the past 12 months. An insider’s optimism about the company’s prospects is a positive sign.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for United Airlines Holdings
The Independent Director Edward Shapiro made the biggest insider purchase in the last 12 months. That single transaction was for US$1.1m worth of shares at a price of US$42.59 each. That means that even when the share price was higher than US$42.33 (the recent price), an insider wanted to purchase shares. It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. To us, it’s very important to consider the price insiders…
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