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Stock impact report

Bullish TowneBank Insiders Loaded Up On US$1.17m Of Stock [Yahoo! Finance]

Towne Bank (TOWN) 
Last towne bank earnings: 4/27 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.townebank.com
Company Research Source: Yahoo! Finance
NASDAQ:TOWN ), that sends out a positive message to the company's shareholders. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. View our latest analysis for TowneBank The Last 12 Months Of Insider Transactions At TowneBank The insider, J. Davis, made the biggest insider sale in the last 12 months. That single transaction was for US$298k worth of shares at a price of US$29.90 each. So what is clear is that an insider saw fit to sell at around the current price of US$27.29. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign. Over the last year, we can see that insiders have bought 44.13k shares worth US$1.2m. But they sold 38.33k Show less Read more
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