Coventry Group Ltd
ASX:CYG
During the last 3 months Coventry Group Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 12% over this period (open performance analysis).
The last transaction was made on
Jun 28, 2024
by
Neil Cathie
(Non-Executive Chairman)
, who
bought
8.7k AUD
worth of CYG shares.
During the last 3 months Coventry Group Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 12% over this period (open performance analysis).
The last transaction was made on
Jun 28, 2024
by
Neil Cathie
(Non-Executive Chairman)
, who
bought
8.7k AUD
worth of CYG shares.
Coventry Group Ltd
Glance View
Coventry Group Ltd. distributes and markets industrial products. The company is headquartered in Melbourne, Victoria. The firm operates through two segments: Trade Distribution and Fluid Systems. Its Trade Distribution segment is engaged in importation, distribution and marketing of industrial fasteners, stainless steel fasteners, construction fasteners, fastener products and systems, industrial hardware and industrial tools and consumables, and importation, distribution and marketing of hardware, components and finished products to the commercial cabinet making, joinery and shop fitting industries. Its Fluid system segment is engaged in designing, installing and distribution of lubrication systems, hose, connectors, fittings, and hydraulic hose assemblies, and supply of service truck components, fire suppression systems, fluid handling systems, pneumatic component sales, and sale of hydraulic associated products and consumables.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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