Yahoo Finance Have Insiders Been Selling Redline Communications Group Inc. (TSE:RDL) Shares?
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We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So shareholders might well want to know whether insiders have been buying or selling shares in Redline Communications Group Inc. (TSE:RDL).
What Is Insider Buying?
It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required.
Insider transactions are not the most important thing when it comes to long-term investing. But equally, we would consider it foolish to ignore insider transactions altogether. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'
See our latest analysis for Redline Communications Group
The Last 12 Months Of Insider Transactions At Redline Communications Group
The , Philippe de Gaspé Beaubien , made the biggest insider sale in the last 12 months. That single transaction was for CA$436k worth of shares at a price of CA$1.18 each. So it's clear an insider wanted to take some cash off the table, even below the current price of CA$1.74. We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was 100% of Philippe de Gaspé Beaubien 's holding. The only individual insider seller over the last year was Philippe de Gaspé Beaubien .
Over the last year, we can see that insiders have bought 134k shares worth CA$206k. But they sold 369k for CA$436k. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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Insider Ownership of Redline Communications Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own CA$312k worth of Redline Communications Group stock, about 1.0% of the company. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Redline Communications Group Insiders?
It doesn't really mean much that no insider has traded Redline Communications Group shares in the last quarter. The insider transactions at Redline Communications Group are not inspiring us to buy. We also note that, as far as we can see, insider ownership is fairly low, compared to other companies. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Redline Communications Group.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body.
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