Published on 3 Dec 2022 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 Nicholas Financial, Inc. (NASDAQ:NICK), it sends a favourable 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.
View our latest analysis for Nicholas Financial