Published on 18 Apr 2024 on Simply Wall St. via Yahoo Finance
The recent 10% drop in Albemarle Corporation's (NYSE:ALB) stock could come as a blow to insiders who purchased US$1.66m worth of stock at an average buy price of US$175 over the past 12 months. This is not good as insiders invest based on expectations that their money will appreciate over time. However, as a result of recent losses, their original investment is now worth only US$1.08m.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.