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Insider Weekends – Elon Musk Purchases Nearly $10 Million of Tesla Stock

  • May 13, 2018

Welcome to edition 412 of Insider Weekends. Insider buying more than doubled last week with insiders purchasing $160.97 million of stock compared to $78.25 million in the week prior. Selling increased slightly with insiders selling $1.56 billion of stock last week compared to $1.52 million in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 9.7. In other words, insiders sold almost 10 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 19.38.

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. DDR Corp. (DDR): $7.49

Director Alexander Otto acquired 1,586,191 shares of this shopping center REIT, paying $7.39 per share for a total amount of $11.73 million. Mr. Otto increased his stake by 2.86% to 57,060,218 shares with this purchase.

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