Insiders who bought CN¥40.1m worth of Shanghai Chicmax Cosmetic Co., Ltd. (HKG:2145) stock in the last year recovered part of their losses as the stock rose by 12% last week. However, the purchase is proving to be an expensive wager as insiders are yet to get ahead of their losses which currently stand at CN¥4.8m since the time of purchase.
Although we don’t think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Shanghai Chicmax Cosmetic
The Last 12 Months Of Insider Transactions At Shanghai Chicmax Cosmetic
Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Director Yan Luo for HK$12m worth of shares, at about HK$40.51 per share. That means that an insider was happy to buy shares at above the current price of HK$34.95. While their view may…
