Insiders who bought in the last 12 months lose an additional US$650 as Citi Trends, Inc. (NASDAQ:CTRN) drops to US$149m

Simply Wall St.2023-03-24

The recent 23% drop in Citi Trends, Inc.'s (NASDAQ:CTRN) stock could come as a blow to insiders who purchased US$129k worth of stock at an average buy price of US$18.47 over the past 12 months. ...

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(NASDAQ:CTRN) drops to US$149m\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-24 21:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/insiders-bought-last-12-months-132227274.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The recent 23% drop in Citi Trends, Inc.'s (NASDAQ:CTRN) stock could come as a blow to insiders who purchased US$129k worth of stock at an average buy price of US$18.47 over the past 12 months. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/insiders-bought-last-12-months-132227274.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1267930227.SGD","symbol_name":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","start_time":0,"source_url":"https://finance.yahoo.com/news/insiders-bought-last-12-months-132227274.html","article_id":"2321511748","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/jAAPqRQp7sV6MKNn11PgPA--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/5e99d13d88d9e9a58e4b4d374d5369fd"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2321511748","pubTimestamp":1679664147,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The recent 23% drop in Citi Trends, Inc.'s (NASDAQ:CTRN) stock could come as a blow to insiders who ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4539":"次新股","CRCT":"Cricut, Inc.","C":"花旗","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4191":"家用电器","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4139":"生物科技","BK4007":"制药","BK4566":"资本集团","TERN":"Terns Pharmaceuticals, Inc.","BK4588":"碎股","BK4094":"服装零售","BK4207":"综合性银行","BOLT":"Bolt Biotherapeutics, Inc.","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4504":"桥水持仓","CTRN":"Citi Trends"},"translate_title":"在过去12个月买入股票的内部人士损失了650美元的额外美国，因为花旗趋势公司（纳斯达克：CTRN）跌至美国1.49亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TERN":1,"CTRN":1,"CRCT":1,"C":1,"BOLT":1},"content_text":"The recent 23% drop in Citi Trends, Inc.'s (NASDAQ:CTRN) stock could come as a blow to insiders who purchased US$129k worth of stock at an average buy price of US$18.47 over the past 12 months. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth US$129k, which is not what they expected. \n 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. \n View our latest analysis for Citi Trends \n The Last 12 Months Of Insider Transactions At Citi Trends \n In the last twelve months, the biggest single purchase by an insider was when CEO & Director David Makuen bought US$75k worth of shares at a price of US$18.64 per share. That means that an insider was happy to buy shares at above the current price of US$18.38. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. \n Happily, we note that in the last year insiders paid US$129k for 7.00k shares. But insiders sold 3.76k shares worth US$105k. In the last twelve months there was more buying than selling by Citi Trends insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! \n\n\n\n  NasdaqGS:CTRN Insider Trading Volume March 24th 2023\n \n\n Citi Trends is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying. \n Insider Ownership Of Citi Trends \n I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 4.2% of Citi Trends shares, worth about US$6.3m, according to our data. We do generally prefer see higher levels of insider ownership. \n What Might The Insider Transactions At Citi Trends Tell Us? \n It doesn't really mean much that no insider has traded Citi Trends shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Citi Trends stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 2 warning signs for Citi Trends (1 shouldn't be ignored!) and we strongly recommend you look at these before investing. \n But note: Citi Trends may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. \nFor the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. 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