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Welcome to edition 429 of Insider Weekends. Insider buying increased slightly last week with insiders purchasing $38.88 million of stock compared to $36.40 million in the week prior. Despite this small increase in insider buying, some of the purchases this week were very interesting. Selling on the other hand declined with insiders selling $1.11 billion of stock last week compared to $1.26 billion 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 decreased to 28.6. In other words, insiders sold almost 29 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 34.49.
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. American Homes 4 Rent (AMH): $22.87
Shares of this real estate investment trust were acquired by 2 insiders: