Victoria's Secret Pick of the Week at Smart Insider After Chair, Non-Executive's Stock Purchases

MT Newswires Live04-14

Victoria's Secret (VSCO) was Smart Insider's stock pick of the week after Chair Donna James acquired $100,000 worth of company shares at $46.23 apiece on April 2, raising her equity by 4%.

The latest purchase is about five times the size and at over two times the price of James' only other stock purchase of $21,000 at $21.43 per share in September 2024, Smart Insider said in a Tuesday note, adding that this was her "largest" stock purchase in any of her roles.

Additionally, non-executive Anne Sheehan bought $29,000 worth of Victoria's Secret shares on the same day, raising her stake by 2%, according to the note.

This was Sheehan's first stock buy and a reversal from "well timed" previous stock sales, most recently in March 2022, Smart Insider said, adding that the non-executive has a "good" record as buyer and seller both.

It is "notable" to see these stock purchases from two long-serving directors, Smart Insider said.

Smart Insider ranked the stock +N, or notable & positive signal, on April 7.

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