NYSE:GTESMachinery
Gates Industrial (GTES): Assessing Valuation After President’s Stock Option Exercise Signals Management Confidence
Gates Industrial (GTES) just popped on investors’ radar after President Thomas Pitstick exercised options for 34,685 shares at 6.56 dollars, a move that is sometimes interpreted as a sign of management’s conviction in the business.
See our latest analysis for Gates Industrial.
The move comes after a choppy few months, with a roughly 15 percent 3 month share price return pullback from recent highs, but a still positive year to date share price return and a standout 3 year total shareholder...