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Curtis Morgan Is The President of Vistra Corp. (NYSE:VST) And They Just Picked Up 10% More Shares

Simply Wall St
·3 min read

Vistra Corp. (NYSE:VST) shareholders (or potential shareholders) will be happy to see that the President, Curtis Morgan, recently bought a whopping US$749k worth of stock, at a price of US$18.19. Not only is that a big swing, but it increased their holding size by 10%, which is definitely great to see.

See our latest analysis for Vistra

Vistra Insider Transactions Over The Last Year

Notably, that recent purchase by Curtis Morgan is the biggest insider purchase of Vistra shares that we've seen in the last year. That implies that an insider found the current price of US$18.42 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Vistra insiders decided to buy shares at close to current prices. We note that Curtis Morgan was also the biggest seller.

In the last twelve months insiders purchased 208.10k shares for US$3.6m. But insiders sold 57.57k shares worth US$1.4m. Overall, Vistra insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Vistra Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.3% of Vistra shares, worth about US$27m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Vistra Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Vistra shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 3 warning signs for Vistra (2 are potentially serious) you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.