Kimberly Foley Just Bought Shares In LyondellBasell Industries N.V. (NYSE:LYB)
Even if it's not a huge purchase, we think it was good to see that Kimberly Foley, a LyondellBasell Industries N.V. (NYSE:LYB) insider, recently shelled out US$88k to buy stock, at US$60.18 per share. That purchase might not be huge but it did increase their holding by 10%.
See our latest analysis for LyondellBasell Industries
LyondellBasell Industries Insider Transactions Over The Last Year
The insider, Massimo Covezzi, made the biggest insider sale in the last 12 months. That single transaction was for US$600k worth of shares at a price of US$96.79 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$46.07. So it is hard to draw any strong conclusion from it. Massimo Covezzi was the only individual insider to sell shares in the last twelve months.
Over the last year, we can see that insiders have bought 10.90k shares worth US$742k. But they sold 6194 shares for US$600k. Overall, LyondellBasell Industries insiders were net buyers last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
LyondellBasell Industries is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that LyondellBasell Industries insiders own 0.2% of the company, worth about US$29m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The LyondellBasell Industries Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in LyondellBasell Industries shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 4 warning signs we've spotted with LyondellBasell Industries (including 1 which shouldn't be ignored).
But note: LyondellBasell Industries may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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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