Published on 22 Mar 2023 on Simply Wall St. via Yahoo Finance
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Nick Scali Limited's (ASX:NCK) case, it's fantastic news for shareholders.
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.
See our latest analysis for Nick Scali