Some pennsylvania entertainment (NASDAQ: PENN) Shareholders may be a bit concerned after seeing that independent lead director Barbara Z. Kohn recently sold a substantial $810,000 worth of stock at $26.62 per share. This reduced their holdings by 50%, arguably implying a strong desire to reallocate capital.
PENN Entertainment Insider Trading Over the Past 12 Months
In fact, the most recent sale of PENN Entertainment stock by Barbara Z. Kohn was the largest sale by an insider in the past 12 months, according to our records. So apparently an insider thinks a sale at the current price of around $24.84 is appropriate. While insider trading is bad for us, it is even more bad if the stock is sold at a lower price. We noticed that the sale was around current prices, so it’s not a major issue, although it’s not a good sign.
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!
if you’re anything like me then you’ll no want to miss this free A list of growth companies that insiders are buying.
Another way to test the alignment between a company’s leaders and other shareholders is to look at how many shares they own. I think it’s a good sign if insiders own a lot of company shares. PENN Entertainment insiders appear to own 0.8% of the company, worth about $31 million. We’ve certainly seen higher levels of insider ownership elsewhere, but these are enough to indicate alignment between insiders and other shareholders.
So what does PENN Entertainment’s insider trading show?
One insider has not bought PENN Entertainment stock in the past three months, but there has been some selling. In the past year, there have been no purchases that have given us any comfort. But it’s good to see that PENN Entertainment’s revenue is growing. Insiders own shares, but we remain very cautious given the sales history. We use caution before buying! So these insider trades can help us build our thesis about the stock, but it’s also worth understanding the risks this company faces.For example, we have determined 2 warning signs from PENN Entertainment (1 probably serious) You should know.
certainly PENN Entertainment Might Not Be the Best Stock. so you might want to see this free A collection of premium businesses.
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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