Wynn Macau Sees Insider Stock Selling

Simply Wall St ·  Feb 20 06:26

From what we can see, insiders were net sellers in Wynn Macau, Limited's (HKG:1128 ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

The Last 12 Months Of Insider Transactions At Wynn Macau

The COO & Executive Director, Frederic Luvisutto, made the biggest insider sale in the last 12 months. That single transaction was for HK$6.3m worth of shares at a price of HK$7.32 each. So we know that an insider sold shares at around the present share price of HK$7.02. 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. Frederic Luvisutto was the only individual insider to sell over the last year.

Frederic Luvisutto divested 1.59m shares over the last 12 months at an average price of US$7.43. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

SEHK:1128 Insider Trading Volume February 19th 2024

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Wynn Macau Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that Wynn Macau insiders own about HK$74m worth of shares (which is 0.2% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Wynn Macau Insiders?

It doesn't really mean much that no insider has traded Wynn Macau shares in the last quarter. Still, the insider transactions at Wynn Macau in the last 12 months are not very heartening. But we do like the fact that insiders own a fair chunk of the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Wynn Macau. You'd be interested to know, that we found 2 warning signs for Wynn Macau and we suggest you have a look.

But note: Wynn Macau may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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