ASX 200 Directors Sell $4.14M in Stocks Last Week
Gold miners drove selling while resources firms led buying in the latest ASX 200 insider trade summary.
Key points
- Directors sold $4.14 million in shares against $677,000 in purchases last week.
- Vincent Nicoletti made the week's largest buy with $272,500 in Perenti stock.
- Jim Beyer sold 40% of his Regis Resources holding for tax reasons.
ASX 200 directors sold $4.14 million worth of shares last week. This figure is significantly higher than the $677,000 bought during the same period.
Market Index reports that this marks the second consecutive week of net selling. Gold producers accounted for both major sell orders in the dataset.
Perenti sees largest single buy
Vincent Nicoletti bought $272,500 of Perenti shares on September 11. He paid $2.18 per share in this transaction.
The stock has fallen 10% since its earnings release. It is down 20% year-to-date despite stable underlying EBITA.
BHP director buys two lots
Mark Vassella purchased 2,675 BHP shares across two separate orders. His total outlay for these purchases was $161,846.
BHP delivered record iron ore output and raised its dividend. Copper became the largest earnings contributor for the company.
Gold miners reduce holdings
Jim Beyer sold roughly 40% of his Regis Resources holding. The company attributed this sale to tax and personal reasons.
Michael Dwyer bought Iress shares on two consecutive days. He purchased at prices about 25% below his March trades.
