Orion Engineered Carbons S.A. (NYSE:OEC) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 6.3% resulting in a US$62m addition to the company’s market value. Put another way, the original US$2.7m acquisition is now worth US$2.9m.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
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