Selling Expensify Shares at a Lower Price Than Current Market Value May Have Been a Costly Mistake for Insiders
Explore Expensify’s Fair Values from the Community and select yours
Despite the fact that Expensify, Inc.’s (NASDAQ:EXFY) value has dropped 14% in the last week insiders who sold US$2.5m worth of stock in the past 12 months have had less success. Insiders would probably have been better off holding on to their shares given that the average selling price of US$2.62 is still lower than the current share price.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
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