"A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors. This is especially so during times of market uncertainty, and even when markets are near all-time highs."
"Buyer(s): 10% owner Fairfax Financial Total shares: almost 13.2 million Price per share: $4.81 to $5.19 Total cost: over $67.4 million This buyer, led by billionaire V. Prem Watsa, sometimes called the Warren Buffett of Canada, also scooped up $70 million worth of shares prior to this purchase. The stake is now up to more than 41.9 million shares, and the investment helped boost the stock still suffering after the brand parted ways with spokesperson Steph Curry."
Several high-profile insiders made large stock purchases early in the year, including return trips to build stakes in Under Armour Inc., W.R. Berkley Corp., and Gabelli Healthcare & WellnessRx Trust. Insider buying is generally viewed as a positive signal because corporate insiders and 10% owners typically buy shares when they expect prices to rise. Fairfax Financial, led by V. Prem Watsa, purchased almost 13.2 million Under Armour shares at $4.81–$5.19, spending over $67.4 million after an earlier $70 million acquisition. Fairfax's stake now exceeds 41.9 million shares. Under Armour's stock remains about 23% below its six‑month level despite recent support, and analysts' consensus target of $6.07 implies roughly 8.2% upside while only five of 26 analysts recommend buying.
Read at 24/7 Wall St.
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