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iCandy Interactive Insider Ups Holding By 59% During Year

[email protected] (Simply Wall St)

Wed, September 25, 2024 at 8:32 AM GMT+10 2 min read

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ICI.AX

+4.17%

From what we can see, insiders were net buyers in iCandy Interactive Limited's (ASX:ICI ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for iCandy Interactive

The Last 12 Months Of Insider Transactions At iCandy Interactive

Over the last year, we can see that the biggest insider purchase was by insider Yong Loong Tan for AU$840k worth of shares, at about AU$0.034 per share. That means that an insider was happy to buy shares at above the current price of AU$0.025. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Yong Loong Tan was the only individual insider to buy during the last year.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume