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Top Buys by Top Brass: COO Welter's $200.4K Bet on AINC

By Market News Video Staff, Wednesday, March 17, 2:04 PM ET
Play Video: One Reason For Insiders to Buy


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A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $200.4K by Jeremy Welter, COO at Ashford Inc (AMEX:AINC).

Welter bets big on AINC:

Purchased Insider Title Shares Price/Share Value
03/12/2021 Jeremy Welter President and COO 24,347 $8.23 $200,385.84

Welter's average cost works out to $8.23/share. Shares of Ashford Inc were changing hands at $9.54 at last check, trading up about 1.2% on Wednesday. The chart below shows the one year performance of AINC shares, versus its 200 day moving average:

Ashford Inc  Chart

Looking at the chart above, AINC's low point in its 52 week range is $4.50 per share, with $16.36 as the 52 week high point — that compares with a last trade of $9.54.


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This Article's Word Cloud:   AINC   AMEX   Ashford   Bets   Brass   Buys   Channel   Dividend   Insider   Insiders   Jeremy   Looking   Newsletter   Offer   Place   Premium   President   Presumably   Price   Purchased   Receive   Share   Shares   Special   Start   Title   Value   Wednesday   Welter   about   above   average   best   buys   chart   company   insider   last   make   maybe   mdash   point   share   stock   take   that   their   they   week   with
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Top Buys by Top Brass: COO Welter's $200.4K Bet on AINC | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

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