Insiders In Kritika Wires Left Out From 10% Price Rise After Disposing Stock
Kritika Wires Limited’s (NSE:KRITIKA) stock rose 10% last week, but insiders who sold ₹39m worth of stock over the last year are probably in a more advantageous position. Selling at an average price of ₹20.34, which is higher than the current price, may have been the best move for these insiders because their investment would have been worth less now than when they sold.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
