Have any insiders sold shares of Western New England Bancorp, Inc. (NASDAQ: WNEB) this year?
We have lost count of the number of times insiders have racked up shares in a company that is improving significantly. On the flip side, we would be remiss not to mention that insider selling is known to precede tough times for a business. We will therefore examine whether insiders have bought or sold shares of Western New England Bancorp, Inc. (NASDAQ: WNEB).
What is insider selling?
It is quite normal to see company insiders, such as board members, trading company shares from time to time. However, these insiders should disclose their trading activities and not trade on the basis of inside information.
We would never suggest that investors should base their decisions solely on what the directors of a company have done. But also, we would consider it foolish to ignore insider trading altogether. For example, a Harvard University study found that “insider buying generates abnormal returns of over 6% per year.”
The Last 12 Months of Insider Trading at Western New England Bancorp
The largest insider sale in the past twelve months occurred when insider William Wagner sold US $ 96,000 worth of shares at a price of US $ 9.02 per share. So what is clear is that an insider saw fit to sell around the current price of US $ 8.26. While we generally don’t like to see insider sales, it is more of a concern if the sales come at a lower price. In this case, the big sale took place around the current price, so it’s not too bad (but it’s still not positive).
Over the past year, we can see that insiders bought 8.51,000 shares worth US $ 62,000. But insiders sold 12.60,000 shares worth US $ 113,000. In total, insiders sold more shares of Western New England Bancorp than they bought in the past year. You can see insider trading (by companies and individuals) over the past year represented in the graph below. If you want to know exactly who sold, for how much and when, just click on the graph below!
NasdaqGS: WNEB Insider Trading Volume June 30, 2021
If you like to buy stocks that insiders buy rather than sell, then you might love this free list of companies. (Hint: insiders bought them).
Western New England Bancorp insiders sold shares recently
Over the past three months, we’ve seen a few insider selling at Western New England Bancorp. Senior Vice President and Chief Information Officer Darlene Libiszewski has only sold US $ 17,000 of shares during the past three months. of this period. Neither the lack of buying nor the presence of selling is encouraging. But the quantity sold is not sufficient for us to give it weight.
Western New England Does Bancorp Pride itself on Strong Insider Ownership?
For an ordinary shareholder, it is worth checking out how many shares are held by company insiders. Strong insider ownership often makes company management more concerned with the interests of shareholders. Insiders own 5.7% of the shares of Western New England Bancorp, valued at approximately US $ 11 million. While this is a high but not exceptional level of insider ownership, it is enough to indicate some alignment between management and small shareholders.
What might Western New England Bancorp’s insider trading tell us?
While there have been no insider buys in the past three months, there have been sales. But given that the sale was modest, we are not worried. Recent insider selling makes us a little nervous, in light of Western New England Bancorp’s larger picture of insider trading. But we love that the insiders own a good chunk of the business. While we love to know what’s going on with insider ownership and trading, we also make sure to consider the risks a stock faces before making any investment decisions. Note that Western New England Bancorp displays 2 warning signs in our investment analysis, and 1 of them cannot be ignored …
Of course, you might find a fantastic investment looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
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