Published on 12 May 2022 on Simply Wall St. via Yahoo Finance
The recent price decline of 27% in Lannett Company, Inc.'s (NYSE:LCI) stock may have disappointed insiders who bought US$382k worth of shares at an average price of US$1.69 in the past 12 months. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth US$110k, which is not what they expected.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Lannett Company