Published on 10 May 2024 on Simply Wall St. via Yahoo Finance
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in PetMed Express, Inc.'s (NASDAQ:PETS) case, it's fantastic news for shareholders.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.