Have Insiders Been Buying McCoy Global Inc. (TSE:MCB) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So shareholders might well want to know whether insiders have been buying or selling shares in McCoy Global Inc. (TSE:MCB).

What Is Insider Buying?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market.

We don't think shareholders should simply follow insider transactions. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.

Check out our latest analysis for McCoy Global

The Last 12 Months Of Insider Transactions At McCoy Global

While no particular insider transaction stood out, we can still look at the overall trading.

Over the last year, we can see that insiders have bought 61.30k shares worth CA$70k. In the last twelve months there was more buying than selling by McCoy Global insiders. They paid about CA$1.14 on average. This is nice to see since it implies that insiders might see value around current prices (around CA$1.06). The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks alongside management, then you might just love this freelist of companies. (Hint: insiders have been buying them).

Are McCoy Global Insiders Buying Or Selling?

We saw some McCoy Global insider buying shares in the last three months. Independent Director Carmen Loberg bought CA$9.2k worth of shares in that time. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.

Insider Ownership of McCoy Global

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, McCoy Global insiders have about 3.6% of the stock, worth approximately CA$1.0m. We prefer to see high levels of insider ownership.

So What Do The McCoy Global Insider Transactions Indicate?

Our data shows a little more insider buying than selling in the last three months. But the net investment is not enough to encourage us much. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think McCoy Global insiders are doubting the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this freereport showing analyst forecasts for its future.

Of course McCoy Global may not be the best stock to buy. So you may wish to see this freecollection of high quality companies.

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If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.