Published on 19 Apr 2024 on Simply Wall St. via Yahoo Finance
Porch Group Loses US$90m Market Value But Insiders See Windfall Of US$741k
Insiders who purchased Porch Group, Inc. (NASDAQ:PRCH) shares in the past 12 months are unlikely to be deeply impacted by the stock's 22% decline over the past week. Reason being, despite the recent loss, insiders original purchase value of US$405.2k is now worth US$1.15m.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.