The General Manager of Marketing of Precision Wires India Limited (NSE:PRECWIRE), Satyen Jhaveri, Just Sold 79% Of Their Holding

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by Anna Munhin Mar 26, 2023 News
The General Manager of Marketing of Precision Wires India Limited (NSE:PRECWIRE), Satyen Jhaveri, Just Sold 79% Of Their Holding

The general manager of marketing of Precision Wires India sold 2.0m of stock for 63.67 per share. It's not a lot of money, but it's a lot of their holding, so it's not a good sign.

Our newest analysis for Precision Wires India can be found here.

The Last 12 Months Of Insider Transactions At Precision Wires India

The biggest sale of Precision Wires India shares in the last year was made by Satyen Jhaveri. The share price was around 63.60 at the time of the sale. The lower the sale price, the more we worry about it. We are a little cautious, but not a major concern, given that the sale took place at a reasonable price.

Over the last year, the chart shows insider transactions. Click on the graph below to find out how much and when the person sold.

insider-trading-volume
NSEI:PRECWIRE Insider Trading Volume March 26th 2023

If you are like me, you won't want to miss this free list of growing companies that are being bought by Insiders.

Insider Ownership

I look at the number of shares insiders own in a company to see how aligned they are with the company's directors. Insider ownership is usually high. Based on the recent share price, Precision Wires India Insiders own 45% of the company. Most shareholders would be happy to see that management incentives are aligned with other shareholders.

What Might The Insider Transactions At Precision Wires India Tell Us?

An Insider sold stock but hasn't bought since. Our data doesn't show anyone buying in the last year. Precision Wires India is making money. These insider transactions can help us build a thesis about the stock, but it is worth knowing the risks of this company. There are 2 warning signs for Precision Wires India that you should be aware of.

It is possible that Precision Wires India is not the best stock to purchase. There is a list of companies with high ROE.

Insiders are people who report their transactions to the regulatory body. We do not account forDerivative transactions.

If you want to find out if Precision Wires India is over or under valued, check out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, Insider transactions and financial health.

View the Free Analysis

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