Published on 31 Aug 2022 on Simply Wall St. via Yahoo Finance
Insiders who bought US$392k worth of Veritiv Corporation's (NYSE:VRTV) stock at an average buy price of US$127 over the last year may be disappointed by the recent 10% decrease in the stock. 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$382k.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Veritiv