Insider Buying Review: Over J$7m Spent Buying GWEST & QWI Shares Last Week – Oct 09, 2020

October 12, 2020

Here’s your weekly roundup of insider buying trends to take not of – for the week ending Fri Oct 09, 2020

Companies With The Most Insider Buying This Week

These are the stocks being bought the most by Managers, Board Members and Other Connected Parties (all known as Insiders). Insider buying trends can sometimes be a signal of the direction a company is headed.

GWest Corporation Ltd

GWEST

$6.72m

+7.66m Units
1 Trade

Health Care Providers & Services
Health Care

Underperform Stock performance vs the Market over last 6 months

Units Bought YTD: +244.30k
No Of Txns YTD: 3

QWI Investments Ltd

QWI

$1.12m

+1.46m Units
1 Trade

Diversified Financial Services
Financials

Outperform Stock performance vs the Market over last 6 months

Units Bought YTD: +18.81m
No Of Txns YTD: 21

Remember: While Insiders can sell a myriad of reasons, they tend to only buy the stock of their own company when they are confident in the business

A few points to note… and ways you can use this info

  1. How much and how regular are these purchases taking place?
  2. How is the stock performing, especially during the period the purchases are taking place (outperform / underperform)?
  3. What sector and industry are being bought?
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