Insiders In DocGo Left Out From 12% Price Rise After Disposing Stock
DocGo Inc.’s (NASDAQ:DCGO) stock rose 12% last week, but insiders who sold US$174k worth of stock over the last year are probably in a more advantageous position. Selling at an average price of US$4.40, which is higher than the current price, may have been the wisest decision for these insiders as their investment would have been worth less now than when they sold.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
