I'm not saying that I know IRI's directors motivations for buying or selling, but legal advisers will tell directors (in general) to maintain plausible deniability, or something to that effect. It might not be a very good tactic to follow what directors do unless it is a very significant purchase, without significant analysis. You'll see every single director take a piece of a very troubled listed company (I wouldn't put IRI in that category, at this stage).
Their lawyers tell them to, if they haven't twigged by themselves. Stops a lot of civil litigation, and makes any suit virtually unwinnable, as they can say - look at my actions - proof that I thought things were OK, and everything was disclosed.
Maybe IRI's directors are wisely buying the dip with small purchases, but that is no certainty is all I am saying. Looking at page 24 of the annual report last year shows a tiny number held by directors, and adding roughly 100,000 shares still leaves a tiny number.
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Last
92.0¢ |
Change
0.040(4.55%) |
Mkt cap ! $160.6M |
Open | High | Low | Value | Volume |
89.5¢ | 92.3¢ | 87.0¢ | $202.1K | 225.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5039 | 91.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
92.0¢ | 7479 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5039 | 0.910 |
1 | 1000 | 0.900 |
1 | 1000 | 0.895 |
1 | 37731 | 0.890 |
1 | 600 | 0.880 |
Price($) | Vol. | No. |
---|---|---|
0.920 | 7479 | 1 |
0.925 | 750 | 1 |
0.950 | 97311 | 4 |
0.960 | 10000 | 1 |
0.970 | 23310 | 3 |
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