Columbus McKinnon (CMCO) was Smart Insider's stock pick of the week after the company's Chief Executive David Wilson bought $1 million worth of Columbus' shares at $32.02 apiece on Nov. 1.
The purchase, which increased Wilson's ownership by 24% in the company, is his first purchase "despite a reasonable term" with Columbus McKinnon, Smart Insider said in a note Tuesday.
This transaction is the "first meaningful purchase by any insider since February 2012," the note added.
Smart Insider ranked the stock +1, or strongly positive, on Nov. 5.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments