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Coastal Financial Corp is Now Oversold (CCB)
Wednesday, February 23, 12:13 PM ET, by Market News Video Staff

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Coastal Financial Enters Oversold Territory (CCB)
Wednesday, April 27, 2:16 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Coastal Financial Enters Oversold Territory (CCB)
Thursday, May 19, 4:22 PM ET, by Market News Video Staff

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Wednesday, June 22, 1:11 PM ET, by Market News Video Staff

There's an old saying on Wall Street about insider buying: there are many possible reasons ...

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Bargain Hunters Take Note: Insider Cluster-Buying At CCB

By Market News Video Staff, Tuesday, December 21, 10:49 AM ET
Play Video: The Importance of Insider Buying


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A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Coastal Financial Corp (NASDAQ:CCB), 3 different insiders purchased 32,598 shares at an average price of $40.50/share, for a total of $1.32M, with the most recent purchase on December 17, 2021.

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. So when multiple insiders all decide to make purchases around the same time, it could be a strong indication that the stock is undervalued. Below is a table summarizing the insider buys that make up this "cluster":

Purchased Insider Title Shares Price/Share Value
12/17/2021 Thomas D. Lane Director 7,407 $40.50 $299,983.50
12/17/2021 Andrew P. Skotdal Director 24,691 $40.50 $999,985.50
12/17/2021 Michael Robert Patterson Director 500 $40.50 $20,250.00

The chart below shows the one year performance of CCB shares, versus its 200 day moving average. Note that CCB's low point in its 52 week range is $19.61 per share, with $49.57 as the 52 week high point — that compares with a last trade of $49.03, with shares currently trading up about 2.4% on the day.

Coastal Financial Corp Chart


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This Article's Word Cloud:   Andrew   Bargains   Below   Cheaper   Coastal   Corp   December   Director   Dividends   Financial   Free   Insider   Insiders   Lane   Michael   Note   Patterson   Presumably   Price   Purchased   Report   Robert   Share   Shares   Skotdal   Start   Than   Thomas   Title   Value   about   another   average   cluster   different   insider   insiders   make   market   open   point   purchases   share   shares   stock   strong   that   their   week   with
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Bargain Hunters Take Note: Insider Cluster-Buying At CCB | Market News Video | Copyright © 2008 - 2023, All Rights Reserved

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