"A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors. This is all the more so during times of uncertainty in the markets, and even when markets are near all-time highs."
"This was Musk's first major open-market buy in recent years, and it is being widely interpreted as a strong vote of confidence in Tesla Inc. ( NASDAQ: TSLA). Also garnering a great deal of attention is a proposed new pay package for Musk that is potentially worth up to $1 trillion. The stock is up 25.6% in the past month and is trading near an all-time high of $488.54."
Several corporate insiders executed notable open-market share purchases recently, led by Elon Musk's roughly $1 billion Tesla purchase. A renowned precious‑metals investor also made a sizable buy, and multiple biopharmaceutical insiders increased stakes. Insider buying can signal that insiders expect share‑price appreciation, which can be especially meaningful during market uncertainty and near record highs. With second‑quarter earnings season concluded, insiders face fewer reporting restrictions and can buy or sell shares until the next earnings season. Tesla shares have risen sharply—about 25.6% in the past month and roughly 81.8% year‑over‑year—trading close to record highs.
Read at 24/7 Wall St.
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