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This SunCoke Energy Insider Reduced Their Stake By 35%
Viewing insider transactions for SunCoke Energy, Inc.'s (NYSE:SXC ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for SunCoke Energy
The Last 12 Months Of Insider Transactions At SunCoke Energy
Over the last year, we can see that the biggest insider sale was by the insider, Michael Rippey, for US$2.5m worth of shares, at about US$11.11 per share. So what is clear is that an insider saw fit to sell at around the current price of US$10.31. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign. The only individual insider seller over the last year was Michael Rippey.
Michael Rippey sold a total of 471.38k shares over the year at an average price of US$11.02. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership Of SunCoke Energy
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that SunCoke Energy insiders own 1.0% of the company, worth about US$8.5m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The SunCoke Energy Insider Transactions Indicate?
The fact that there have been no SunCoke Energy insider transactions recently certainly doesn't bother us. Our analysis of SunCoke Energy insider transactions leaves us unenthusiastic. And usually insiders own more stock in the company, according to our data. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 3 warning signs for SunCoke Energy you should be aware of, and 1 of these shouldn't be ignored.
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.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:SXC
SunCoke Energy
Operates as an independent producer of coke in the Americas and Brazil.