Published on 10 Nov 2022 on Simply Wall St. via Yahoo Finance
Kubient, Inc. (NASDAQ:KBNT) drops to US$15m and insiders who purchased earlier this year lose...
The recent 19% drop in Kubient, Inc.'s (NASDAQ:KBNT) stock could come as a blow to insiders who purchased US$155k worth of stock at an average buy price of US$2.88 over 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$54k, which is not what they expected.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Kubient