Deputy Chairman & CEO of United Overseas Bank Ee Cheong Wee Buys More Stock [Yahoo! Finance]
UNITED OVRSEAS BK S/ADR (UOVEY)
NASDAQ:AMEX Investor Relations:
uobgroup.com/investor/index.html
Company Research
Source: Yahoo! Finance
Chairman & CEO of the company, who spent a stonking S$2.8m on stock at an average price of S$28.50. While that only increased their holding size by 0.2%, it is still a big swing by our standards. Check out our latest analysis for United Overseas Bank The Last 12 Months Of Insider Transactions At United Overseas Bank In fact, the recent purchase by Ee Cheong Wee was the biggest purchase of United Overseas Bank shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being S$28.20). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. 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. United Oversea
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