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We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell Clifford Modern Living Holdings Limited (HKG:3686), you may well want to know whether insiders have been buying or selling.
What Is Insider Selling?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.
See our latest analysis for Clifford Modern Living Holdings
Clifford Modern Living Holdings Insider Transactions Over The Last Year
The Chairman & CEO, Lai Hung Man, made the biggest insider sale in the last 12 months. That single transaction was for HK$3.4m worth of shares at a price of HK$0.99 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of HK$0.57. So it may not tell us anything about how insiders feel about the current share price.
All up, insiders sold more shares in Clifford Modern Living Holdings than they bought, over the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Clifford Modern Living Holdings Insiders Bought Stock Recently
There was some insider buying at Clifford Modern Living Holdings over the last quarter. Independent Non-Executive Director Cham Ho bought CN¥325k worth of shares in that time. We like it when there are only buyers, and no sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.