Insider Purchases $226k of Pitney Bowes Stock
Investors considering Pitney Bowes Inc. (NYSE:PBI) may want to take note of recent insider activity. Director Paul Evans bought $226k worth of stock at $7.80 per share. While this purchase may not be huge in terms of percentage or value, it can still be interpreted as a positive signal.
Over the past year, this purchase by Paul Evans stands out as the largest insider buy at Pitney Bowes. This suggests that an insider found the current price appealing. While insider buying is generally a good sign, it’s even more meaningful when purchases are made at or near current prices, as was the case here. Paul Evans was the sole insider to make a purchase in the past year.
Insiders at Pitney Bowes own approximately $27m worth of shares, representing 1.9% of the company. While this level of insider ownership is solid, it’s not exceptionally high. Nonetheless, it indicates a decent level of alignment between insiders and shareholders.
The recent insider purchase, coupled with insider ownership and previous transactions, instills confidence in Pitney Bowes. However, it’s essential to note that the company saw a loss last year, which may warrant caution. Overall, while insider actions can provide valuable insights, it’s crucial to consider other factors when evaluating a stock.
In addition to Pitney Bowes, other stocks are also witnessing insider buying. Investors looking for promising opportunities in small-cap companies with insider support may want to explore a list of growing companies with recent insider purchases.
Remember, the information shared here is based on verified data and aims to provide helpful insights. It’s always wise to conduct thorough research and consider all aspects before making investment decisions.
