VEEM Ltd
ASX:VEE
During the last 3 months VEEM Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 16% over this period (open performance analysis).
The last transaction was made on
Sep 24, 2024
by
Mr Angus Murnaghan
(Chief Financial Officer)
, who
bought
33.3k AUD
worth of VEE shares.
During the last 3 months VEEM Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 16% over this period (open performance analysis).
The last transaction was made on
Sep 24, 2024
by
Mr Angus Murnaghan
(Chief Financial Officer)
, who
bought
33.3k AUD
worth of VEE shares.
VEEM Ltd
Glance View
Veem Ltd. engages in the production of propulsion and stabilization systems. The company is headquartered in Canning Vale, Western Australia. The company went IPO on 2016-10-26. The firm is also engaged in manufacturing engineered products and services for the marine, defense and mining industries. The firm operates various businesses, including VEEM Marine, VEEM 24-7 Engineering, Conquest propellers and Timcast Hollowbar. VEEM Marine has marine technology with the commercial facilities. VEEM 24-7 Engineering provides services to aerospace, defense, mining, and oil and gas industries. VEEM Defense is engaged in defense contracts, such as manufacturing and servicing the Oberon class submarine valves through to the propulsion system for the new Pacific patrol boats.
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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