Caesars Entertainment independent director Michael Pegram increases stake by 24% \

Caesars Entertainment (NASDAQ: CZR) shareholders (or potential shareholders) will be pleased to see that independent director Michael Pegram recently purchased a whopping $1.1 million worth of stock at a price of $45.02. Not only is that a huge move, but they’ve increased their holding size by 24%, which is definitely good news to watch.

Check out our latest analysis for Caesars Entertainment

Caesars Entertainment Insider Trading Over the Past Year

In fact, the recent Michael Pegram purchase was the largest Caesars Entertainment stock purchase by an insider in the past 12 months, according to our records. So clearly an insider wants to buy near the current price of $45.42. Of course, they may have changed their minds. But it suggests they are optimistic. We always like to see insider buying, but it’s worth noting if those purchases are priced well below today’s stock price, as the value discount can shrink as prices rise. The good news for Caesars Entertainment shareholders is that insiders are buying near current prices.

In the past 12 months, insiders bought 58.6 million shares for $2.6 million. But they sold 2.7 million shares for $140,000. Overall, Caesars Entertainment insiders bought more stock than they sold in the last year. You can see last year’s insider transactions (by company and individual) in the table below. If you click on the chart, you can see all individual trades including share price, individual and date!

Insiders are always buying a lot of stock.So if that suits your style you can check each stock one by one or you can look at this free List of companies. (Hint: insiders have been buying them).

Caesars Entertainment Insider Ownership

Another way to test the alignment between a company’s leaders and other shareholders is to look at how many shares they own. Higher insider ownership generally causes company leadership to focus more on shareholder interests. Insiders own a 0.6 percent stake in Caesars worth about $54 million. This level of insider ownership is nice, but not outstanding enough. It does show a reasonable degree of alignment.

What might Caesars Entertainment’s insider trading tell us?

Recent insider trading has been heartening. And longer-term insider trading also gives us confidence. But on the other hand, the company lost money last year, so let’s be a little cautious. Combined with significant insider ownership, these factors suggest that Caesars Entertainment’s insiders are very consistent in their belief that the stock price may be too low. certainly, the future is the most important. So if you’re interested in Caesars Entertainment, you should check this out free Reports on analyst forecasts for companies.

certainly, You might find a good investment by looking elsewhere. so look at this free Interesting list of companies.

For the purposes of this article, an insider is an individual who reports their transactions to the relevant regulator. We currently consider open market transactions and private dispositions, but not derivatives transactions.

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This article by Simply Wall St is general in nature. We use only an unbiased methodology to provide reviews based on historical data and analyst forecasts, and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no positions in any of the stocks mentioned.