π‘π‘π‘ πππ $LVMUY πππ
Do you remember our update on CEO Bernard Arnault's massive insider purchases in $LVMUY about two weeks ago?! π‘ (attached!)
The stock is soaring 10.5% today, and since the date we posted about it, about 15%! π¬
What do we understand? π΅
β’ There can be many reasons why insiders sell a stock. π§
β’ But there is one reason why they buy the stock. π‘
For the same reason you and I buy a stock - we believe in the company, see potential, expect to make money - and buy. π΅
β’ Insiders put their personal money into the stock? β
β’ This is a positive signal that shows confidence from company officers! π΅