Published on 14 Sep 2023 on Simply Wall St. via Yahoo Finance
Insider Purchases Worth US$622k See Losses As Beachbody Company Market Value Drops To US$106m
The recent price decline of 13% in The Beachbody Company, Inc.'s (NYSE:BODY) stock may have disappointed insiders who bought US$622k worth of shares at an average price of US$0.70 in the past 12 months. This is not good as insiders invest based on expectations that their money will appreciate over time. However, as a result of recent losses, their original investment is now worth only US$301k.
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.
See our latest analysis for Beachbody Company