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Last week, Cochlear Limited (ASX:COH) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 3.7% last week, resulting in a AU$571m increase in the company's market worth. In other words, the original AU$474k purchase is now worth AU$557k.
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.
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>>> Read more: As Cochlear Limited (ASX:COH) hits AU$16b market cap, insiders may be dismayed about not purchasing higher quantities
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.
...
>>> Read more: As Cochlear Limited (ASX:COH) hits AU$16b market cap, insiders may be dismayed about not purchasing higher quantities
