DividendChannel.com
Top Buys by Top Brass: CEO Davidson's $211.1K Bet on HAINBy Dividend Channel Staff, Tuesday, March 26, 2:04 PM ETA company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $211.1K invested across 2 purchases by Wendy P. Davidson, CEO at Hain Celestial Group Inc (NASDAQ:HAIN). Davidson bets big on HAIN:
Davidson's average cost works out to $10.56/share. In trading on Tuesday, bargain hunters could buy shares of Hain Celestial Group Inc (NASDAQ:HAIN) and achieve a cost basis lower than Davidson, with shares changing hands as low as $7.85 per share. Shares of Hain Celestial Group Inc were changing hands at $7.87 at last check, trading down about 1.2% on Tuesday. The chart below shows the one year performance of HAIN shares, versus its 200 day moving average:
Looking at the chart above, HAIN's low point in its 52 week range is $7.77 per share, with $18.325 as the 52 week high point — that compares with a last trade of $7.87. Free Report: Top 8%+ Dividends (paid monthly)
This Article's Word Cloud:
Bets
Brass
Buys
Celestial
Davidson
Dividends
Free
Group
HAIN
Hain
Insider
Insiders
Looking
Place
President
Presumably
Price
Purchased
Report
Share
Shares
Start
Title
Tuesday
Value
Wendy
about
average
buys
changing
chart
company
cost
hands
insider
last
make
maybe
mdash
point
share
shares
stock
take
that
their
they
trading
week
with
|
Start slideshow:Top Buys by Top Brass: CEO Davidson's $211.1K Bet on HAIN | www.DividendChannel.com
Copyright © 2010 - 2024, All Rights Reserved Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.