Anyone interested in Crown Holdings, Inc. (NYSE:CCK) should probably be aware that a company insider, Hock Goh, recently divested US$218k worth of shares in the company, at an average price of US$69.79 each. On the bright side, that sale was only 6.4% of their holding, so we doubt it's very meaningful, on its own.
Crown Holdings Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Non-Executive Chairman, John Conway, sold US$7.5m worth of shares at a price of US$58.25 per share. That means that an insider was selling shares at slightly below the current price (US$68.98). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 11% of John Conway's stake.
We note that in the last year insiders divested 261625 shares for a total of US$15m. Crown Holdings insiders didn't buy any shares over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Crown Holdings
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Crown Holdings insiders own 1.8% of the company, worth about US$167m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Crown Holdings Tell Us?
An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Crown Holdings makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Crown Holdings.
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.
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If you spot an error that warrants correction, please contact the editor at email@example.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.