Published on 4 May 2024 on Simply Wall St. via Yahoo Finance
Insiders At Colgate-Palmolive Sold US$1.7m In Stock, Alluding To Potential Weakness
Over the past year, many Colgate-Palmolive Company (NYSE:CL) insiders sold a significant stake in the company which may have piqued investors' interest. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.