Have Insiders Sold Shanghai Chicmax Cosmetic Shares Recently?

We wouldn’t blame Shanghai Chicmax Cosmetic Co., Ltd. (HKG:2145) shareholders if they were a little worried about the fact that Yixiong Lyu, the Chairman & CEO recently netted about HK$461m selling shares at an average price of HK$85.38. However, that sale only accounted for 5.4% of their holding, so arguably it doesn’t say much about their conviction.

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The Last 12 Months Of Insider Transactions At Shanghai Chicmax Cosmetic

Notably, that recent sale by Yixiong Lyu is the biggest insider sale of Shanghai Chicmax Cosmetic shares that we’ve seen in the last year. That means that an insider was selling shares at below the current price (HK$85.70). As a general rule we consider it to be discouraging when insiders are…