This article discusses insider buying trends at FedEx, Casey’s, and Centene, offering insights for investors.
FedEx has had a bit of a rough patch, only gaining about 12% over the last year, which isn’t great compared to the S&P 500. But just recently, their CFO bought 1,000 shares for around $275,000, boosting their stake by over 10%. That’s a pretty big deal!
Now, Casey’s General Stores is doing much better, with a nearly 40% increase in shares over the past year. A director there also jumped in, buying 500 shares for just under $200,000, which raised their total stake by more than 20%.
On the flip side, Centene hasn’t been as lucky, losing about 20% in the last year. But insiders have been buying up shares, totaling around $1.6 million just before Christmas. Even though that sounds positive, analysts are still a bit cautious about Centene’s near-term outlook.
In the end, while insider buying can hint at a brighter future, it’s important to remember that these folks usually hold onto their shares for the long haul. So, it’s more about the long-term picture than quick gains. Keep an eye on these stocks if you’re looking to invest!
