share_log

This Insider Has Just Sold Shares In Radius Recycling

Simply Wall St ·  Nov 3 07:42

We'd be surprised if Radius Recycling, Inc. (NASDAQ:RDUS) shareholders haven't noticed that the Senior VP and President of Products & Services, Steven Heiskell, recently sold US$302k worth of stock at US$17.08 per share. That sale was 17% of their holding, so it does make us raise an eyebrow.

Radius Recycling Insider Transactions Over The Last Year

In fact, the recent sale by Steven Heiskell was the biggest sale of Radius Recycling shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$16.40. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Insiders in Radius Recycling didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

big
NasdaqGS:RDUS Insider Trading Volume November 3rd 2024

I will like Radius Recycling better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 5.9% of Radius Recycling shares, worth about US$27m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Radius Recycling Tell Us?

An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Radius Recycling. When we did our research, we found 4 warning signs for Radius Recycling (3 are concerning!) that we believe deserve your full attention.

But note: Radius Recycling 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment