Published on 18 Jun 2024 on Simply Wall St. · via Yahoo Finance
Insiders Of Anterix Reap Rewards After Their Investment Jumps Another US$857k
Anterix Inc. (NASDAQ:ATEX) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 34% resulting in a US$189m addition to the company’s market value. Put another way, the original US$4.10m acquisition is now worth US$4.96m.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.