Published on 9 Nov 2023 on Simply Wall St. via Yahoo Finance
Insiders Who Purchased US$44.9m Of DISH Network Stock May Not Have Expected 25% Tumble
The recent price decline of 25% in DISH Network Corporation's (NASDAQ:DISH) stock may have disappointed insiders who bought US$44.9m worth of shares at an average price of US$8.10 in the past 12 months. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth US$20.3m, which is not what they expected.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for DISH Network