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Last week, carsales.com Ltd (ASX:CAR) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 7.7% last week, resulting in a AU$404m increase in the company's market worth. As a result, the stock they originally bought for AU$7.5m is now worth AU$8.4m.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares...
>>> Read more: carsales.com Ltd (ASX:CAR) insiders have a reason to boast after seeing a AU$916k addition to their AU$7.5m investment
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares...
>>> Read more: carsales.com Ltd (ASX:CAR) insiders have a reason to boast after seeing a AU$916k addition to their AU$7.5m investment
