U.S. markets closed
  • S&P Futures

    3,822.25
    +13.00 (+0.34%)
     
  • Dow Futures

    30,993.00
    +81.00 (+0.26%)
     
  • Nasdaq Futures

    12,978.00
    +67.00 (+0.52%)
     
  • Russell 2000 Futures

    2,209.50
    +10.30 (+0.47%)
     
  • Crude Oil

    62.22
    +0.72 (+1.17%)
     
  • Gold

    1,736.90
    +8.10 (+0.47%)
     
  • Silver

    26.80
    +0.35 (+1.34%)
     
  • EUR/USD

    1.2086
    -0.0100 (-0.82%)
     
  • 10-Yr Bond

    1.4600
    -0.0580 (-3.82%)
     
  • Vix

    27.95
    -0.94 (-3.25%)
     
  • GBP/USD

    1.3953
    -0.0060 (-0.43%)
     
  • USD/JPY

    106.5360
    +0.3060 (+0.29%)
     
  • BTC-USD

    45,823.23
    -697.71 (-1.50%)
     
  • CMC Crypto 200

    912.88
    -20.25 (-2.17%)
     
  • FTSE 100

    6,483.43
    -168.53 (-2.53%)
     
  • Nikkei 225

    28,966.01
    -1,202.29 (-3.99%)
     

Insider Buys 180 Degree Capital's Stock

  • Oops!
    Something went wrong.
    Please try again later.
Benzinga Insights
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

Rendino Kevin filed a Form 4 with the SEC on Friday, September 4. The insider bought 915 shares of 180 Degree Capital Inc (NASDAQ:TURN) at an average price of $1.95. After the transaction, the executive's stake in 180 Degree Capital Inc. moved to 923,531 shares. 180 Degree Capital was trading 0.5% higher from the previous closing price.

The Importance of Insider Transactions

Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.

When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."

Important Transaction Codes

Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the company's stock moving forward.

Transaction codes besides P or S aren't relatively important as they are seldom tied to a decision by the executive. For example, transaction code A is indicative of an insider being forced to sell shares to attain compensation. Moreover, transaction code C indicates the conversion of an option.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.