Published on 30 May 2024 on Simply Wall St. via Yahoo Finance
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Texas Capital Bancshares, Inc. (NASDAQ:TCBI), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.