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Stock impact report

Favourable Signals For OFX Group: Numerous Insiders Acquired Stock [Yahoo! Finance]

OFX GROUP LTD UNSP/ADR (OZFRY) 
NASDAQ:AMEX Investor Relations: ofx.com/en-us/investors
Company Research Source: Yahoo! Finance
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The Independent Non-Executive Chair Patricia Cross made the biggest insider purchase in the last 12 months. That single transaction was for AU$82k worth of shares at a price of AU$0.82 each. That means that an insider was happy to buy shares at above the current price of AU$0.49. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. In the last twelve months OFX Group insiders were buying shares, bu Show less Read more
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