Recent activity shows that Tessco Technologies, TESS the Insider Confidence level is trending Up due to Corporate Insiders of TESS Bought $1.6M worth of shares in 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 activity for TESS:
- Timothy Bryan – Director, Bought $27,150 worth of shares on 2 days ago
- Lakeview Investment Group & Trading Co LLC – >10% Owner, Bought $1,524,000 worth of shares on 2 days ago
- Timothy Bryan – Director, Bought $30,050 worth of shares on 2 months ago
- Aric Spitulnik – CFO and SVP, n/a worth of shares on 2 months ago
TipRanks.com reports that Tessco Technologies currently has n/a analysts offering 12-month price targets and the consensus is a rating with an average price target is n/a . The target pricing ranges from a high forecast of n/a down to a low forecast of n/a. Tessco Technologies (TESS)’s last closing price was 6 which would put the average price target at upside.
In addition, TradingView issued a Buy rating for TESS over the next month, Barchart.com has a sell rating and Yahoo! Finance has a Bullish short-term outlook.
Tessco Technologies, TESS
Summary: TESSCO Technologies Inc. is a leading provider of the services, products and solutions required to build, operate, maintain and use wireless voice, data, messaging, location tracking and Internet systems. The company provides marketing and sales services, knowledge and supply chain management, product-solution delivery and control systems utilizing Internet and information technology. The company’s guiding vision is to be The Vital Link between buyers and manufacturers. For its customers, the company provides a total source of product knowledge and solutions.
- Last Price: 6
- Price Change: 0.49, 8.89%
- Yearly Gain: -1.96%
- Market Cap: 53.80M
- P/E Ratio: -7.8
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