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Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of MYCELX Technologies Corporation (LON:MYX), it sends a favourable message to the company's shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
We've discovered 3 warning signs about MYCELX Technologies. View them for free.
The Last 12 Months Of Insider Transactions At MYCELX Technologies
In the last twelve months, the biggest single purchase by an insider was when CEO & Executive Director Connie Mixon bought UK£52k worth of shares at a price of UK£0.52 per share. That means that an insider was happy to buy shares at above the current price of UK£0.23. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months MYCELX Technologies insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
See our latest analysis for MYCELX Technologies
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of MYCELX Technologies
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 19% of MYCELX Technologies shares, worth about UK£1.1m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The MYCELX Technologies Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in MYCELX Technologies and we see no evidence to suggest they are worried about the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 3 warning signs for MYCELX Technologies (1 makes us a bit uncomfortable) you should be aware of.