Insider Sellers Might Regret Selling Ranger Energy Services Shares at a Lower Price Than Current Market Value
Ranger Energy Services, Inc.’s (NYSE:RNGR) value has fallen 11% in the last week, but insiders who sold US$13m worth of stock over the last year have had less success. Given that the average selling price of US$16.58 is still lower than the current share price, insiders would probably have been better off keeping their shares.
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.
The Last 12 Months Of Insider Transactions At Ranger Energy Services
The insider, Richard…
