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Stock impact report

Enovix Insiders Added US$5.51m Of Stock To Their Holdings [Yahoo! Finance]

Enovix Corporation (ENVX) 
Company Research Source: Yahoo! Finance
This is reassuring as this suggests that insiders have increased optimism about the company's prospects. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing. See our latest analysis for Enovix Enovix Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Executive Chairman of the Board Thurman Rodgers bought US$1.4m worth of shares at a price of US$10.47 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$9.72). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought sha Show less Read more
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