Insiders Who Sold US$24m Of M&T Bank Made The Right Call [Yahoo! Finance]
M&T Bank Corporation (MTB)
Last m&t bank corporation earnings: 4/20 06:37 am
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US:NYSE Investor Relations:
finance.yahoo.com/quote/m
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Source: Yahoo! Finance
Although prices were relatively low, insiders chose to sell US$24m worth of stock in the past 12 months. This could be a sign of impending weakness. While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares. Check out our latest analysis for M&T Bank Over the last year, we can see that the biggest insider sale was by the Chairman & CEO, Rene Jones, for US$4.5m worth of shares, at about US$194 per share. That means that an insider was selling shares at slightly below the current price (US$213). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 22% of Rene Jones's holding. In the last year M&T
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MTB
News
- M&T Bank Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- M&T Bank Decreases Prime RatePR Newswire
- David Burrows' Top Picks for November 6, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Decoding M&T Bank Corp (MTB): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
- Wilmington Trust Names Lisa Roberts Head of Wealth ManagementPR Newswire
MTB
Earnings
- 10/17/24 - Beat
MTB
Sec Filings
- 11/12/24 - Form 144
- 11/12/24 - Form SC
- 11/8/24 - Form 4
- MTB's page on the SEC website