Published on 10 May 2024 on Simply Wall St. via Yahoo Finance
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Shore Bancshares, Inc. (NASDAQ:SHBI), that sends out a positive message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.