The recent 11% drop in Applied Blockchain, Inc.'s (NASDAQ:APLD) stock could come as a blow to insiders who purchased US$220k worth of stock at an average buy price of US$2.71 over the past 12 months. Insiders purchase with the hope of seeing their investments increase in value over time. However, due to recent losses, their initial investment is now only worth US$171k, which is not great.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
If you're not interested in researching APLD's insider transactions, we have a free list of interesting investing ideas to potentially inspire your next investment!
The Last 12 Months Of Insider Transactions At Applied Blockchain
Over the last year, we can see that the biggest insider purchase was by Independent Director Virginia Moore for US$115k worth of shares, at about US$2.29 per share. That means that an insider was happy to buy shares at...
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