A Form 4 filing filed with the SEC on Friday, September 18 showed that Kohlhagen Steven W sold 3,740 shares of AMETEK Inc (NYSE:AME) at an average price of $102.37. The transaction moved the executive's stake in AMETEK Inc. to 59,059 shares. AMETEK was trading 0.4% higher from the previous closing price.Why Insider Transactions Are Important? While transactions from an insider shouldn't be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a 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 Wall Street tends to focus on insider transactions which take place in the open market, viewed inside a Form 4 filing via codes P for purchase and S for sale. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward.Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company.See more from Benzinga * Insider Sells AMETEK's Stock * Stocks That Hit 52-Week Highs On Wednesday * Insider Sells AMETEK's Shares(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of June 30th, when the S&P 500 Index was trading around the […]
Ametek (AME) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.