CIM Commercial, (CMCT) is showing recent insider buying activity. Read more to find out which insider was Buying $9.3M worth of shares within the last 3 months.
Before you dig into this report it is important to remember that “Insider Buying” is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
“Insider Buying” is not a crime when the buying is based on public information.
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell. That’s why people pay attention to insider buying.
Here is a list of the latest insider active for CMCT:
- Shemesh Avraham bought $383,815 worth of shares on October 7th
- Kuba Shaul bought $383,815 worth of shares on October 7th
- Richard Ressler bought $383,815 worth of shares on October 7th
- Shemesh Avraham bought $325,532 worth of shares on October 4th
TipRanks has currently has a Moderate Buy on CMCT with an average price target of $13.
- Last Price: $8.76
- Price Change: ($0.29) (3.42%)
- Price Target: $13 (48.40%)
- Yearly Gain: 9.86%
- Market Cap: $204.72M
This information was sourced from various sources but to get the best insight into insider activity related to CMCT, join TipRanks.com.
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