1/7/2024 0 Comments Workhorse newsWe provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. We currently account for open market transactions and private dispositions, but not derivative transactions. If you would prefer to check out another company - one with potentially superior financials - then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.įor the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. To help with this, we've discovered 4 warning signs (1 shouldn't be ignored!) that you ought to be aware of before buying any shares in Workhorse Group. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Overall we don't see anything to make us think Workhorse Group insiders are doubting the company, and they do own shares. But insiders have shown more of an appetite for the stock, over the last year. It doesn't really mean much that no insider has traded Workhorse Group shares in the last quarter. So What Does This Data Suggest About Workhorse Group Insiders? We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. Workhorse Group insiders own about US$14m worth of shares. A high insider ownership often makes company leadership more mindful of shareholder interests. Insider Ownership of Workhorse Groupįor a common shareholder, it is worth checking how many shares are held by company insiders. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. Workhorse Group is not the only stock that insiders are buying. By clicking on the graph below, you can see the precise details of each insider transaction! NasdaqCM:WKHS Insider Trading Volume July 2nd 2022 You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. Workhorse Group insiders may have bought shares in the last year, but they didn't sell any. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels. We always take careful note of the price insiders pay when purchasing shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$2.60). Over the last year, we can see that the biggest insider purchase was by Vice President of Corporate Development & Communications Stan March for US$169k worth of shares, at about US$3.51 per share. View our latest analysis for Workhorse Group The Last 12 Months Of Insider Transactions At Workhorse Group While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing. However, recent losses have rendered their above investment worth US$293k which is not ideal. Insiders buy with the expectation to see their investments rise in value over a period of time. But unless the team is able to capitalize on that luck it amounts to nothing.Insiders who bought US$364k worth of Workhorse Group Inc.'s ( NASDAQ:WKHS) stock at an average buy price of US$3.23 over the last year may be disappointed by the recent 17% decrease in the stock. If an opponent fumbles and the team recovers, that’s lucky. Studer, who began coaching 27 years ago, emphasized the players are lucky to be able to play the game and the coaches lucky to be able to coach hard-working athletes. Some 160 players of all ages turned out for the event, which included practice sessions, drills, scrimmages and an all-player huddle at the 50-yard line. The Corning Cardinals run a play in scrimmage Thursday at Corning Football Night. Thursday represented a return of the event after a hiatus due to COVID-19. The annual tradition, which started in 2003, gathers young football players from the 8 and younger Corning Lions to the varsity Corning Cardinals for a celebration leading up to the kickoff to football season. CORNING - Corning High School’s varsity football coach John Studer had a clear message for his team Thursday evening at the return of Corning Football Night: “Luck is what you make of it.”
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