Insiders At SPX Technologies Sold US$7.9m In Stock, Alluding To Potential Weakness
Insiders At SPX Technologies Sold US$7.9m In Stock, Alluding To Potential Weakness
The fact that multiple SPX Technologies, Inc. (NYSE:SPXC) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
過去一年裏，多個SPX Technologies, Inc. (紐交所: SPXC)的內部人士卸載了大量股份，這可能會引起投資者的注意。分析內部人員的交易情況時，通常更有價值的是了解內部人員是否買入而不是賣出，因爲後者傳遞了模棱兩可的信息。然而，如果幾位內部人員在特定時間段內出售股票，則股東應該深入了解。
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
雖然我們認爲股東不應僅僅跟隨內部人士的交易，但邏輯告訴我們，應該注意內部人士是購買還是出售股票。
SPX Technologies Insider Transactions Over The Last Year
SPX Technologies的內部交易在過去一年裏的情況
Over the last year, we can see that the biggest insider sale was by the President, Eugene Lowe, for US$7.2m worth of shares, at about US$117 per share. That means that even when the share price was below the current price of US$143, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 8.5% of Eugene Lowe's stake.
在過去的一年中，我們可以看到最大的內部交易是由總裁尤金·洛威進行的，價值爲720萬美元，每股117美元左右。這意味着即使股價低於當前的143美元，一位內部人士仍想賣出一些股份。通常情況下，當內部人員以低於當前價格的價格出售時，我們認爲這是令人沮喪的，因爲這表明他們對較低的估值感到滿意。然而，雖然內部人員的賣出有時會令人沮喪，但這只是一個弱信號。這次單一交易僅佔尤金·洛威所持股份的8.5%。
Insiders in SPX Technologies didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
過去一年裏，SPX Technologies的內部人士沒有購買任何股份。下圖顯示了過去一年內（按公司和個人）內部交易的情況。通過單擊下面的圖表，您可以了解每個內部交易的詳細信息！
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).
如果你喜歡購買內部人員正在購買而不是銷售的股票，那麼你可能會喜歡這份免費的公司列表。（提示：它們中的大部分都被忽視了。）
Insider Ownership Of SPX Technologies
SPX Technologies的內部持股情況
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. SPX Technologies insiders own about US$152m worth of shares (which is 2.3% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
觀察公司內部人員持有的股份總數可以幫助你判斷他們是否與普通股東的利益相一致。我們通常希望看到內部人員持有的股份相對較高。SPX Technologies的內部人員持有約1.52億美元的股份（佔公司市值的2.3%）。這種內部人員的重要持股總體上有助於增加公司在所有股東中的利益。
What Might The Insider Transactions At SPX Technologies Tell Us?
SPX Technologies內部交易對我們可能傳達的信息
It doesn't really mean much that no insider has traded SPX Technologies shares in the last quarter. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the SPX Technologies insiders selling. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of SPX Technologies.
SPX Technologies的內部人員在上一季度並沒有交易並不意味着什麼。看到內部人員持股較高是好事，但回顧過去一年，我們並不認爲SPX Technologies內部人員的賣出行爲會增加我們的信心。因此，這些內部交易可以幫助我們建立有關股票的論點，但了解該公司面臨的風險也是有價值的。爲此，我們已發現1項警告標誌，您應該留意以獲得更好的SPX Technologies情況。
But note: SPX Technologies 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.
但請注意：SPX Technologies可能不是最好的股票買入。因此，看看擁有高roe和低債務的有趣公司的免費列表。
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.
對於本文而言，內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置，但不包括衍生交易或間接利益。
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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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。