Insiders who bought Allegheny Technologies Incorporated (NYSE: ATI) earlier this year lose an additional $ 29,000 as the stock drops to $ 14.54.

Insiders who bought US $ 210,000 from Allegheny Technologies Incorporated (NYSE: ATI) at an average purchase price of US $ 16.83 over the past year might be disappointed with the stock’s recent 4.1% drop. Insiders buy in the hope that their investments will increase in value over time. However, due to recent losses, their initial investment is now only worth US $ 182,000, which is not huge.

While insider trading isn’t the most important thing when it comes to investing for the long term, logic dictates that you pay attention to whether insiders are buying or selling stocks.

Check out our latest review for Allegheny Technologies

Allegheny Technologies insider trading in the past year

Over the past year, we can see that the biggest insider buy was made by Executive Vice President Finance and CFO Donald Newman for US $ 210,000 of shares, at around US $ 16.83. per share. So it is clear that an insider wanted to buy, even at a price higher than the current share price (ie US $ 14.54). Their perspective may have changed since, but it at least shows that they were feeling optimistic back then. We always take careful note of the price insiders pay when they buy stocks. Generally speaking, this comes to our attention when an insider bought shares at prices higher than current prices, as it suggests that they thought the shares were worth buying, even at a higher price. Donald Newman was the only individual insider to buy in the past year.

The chart below shows insider trading (by businesses and individuals) over the past year. If you want to know exactly who sold, for how much and when, just click on the graph below!

NYSE: ATI Insider Trading Volume December 4, 2021

Allegheny Technologies isn’t the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider buys, might be just the ticket.

Does Allegheny Technologies pride itself on strong insider ownership?

For an ordinary shareholder, it is worth checking out how many shares are owned by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will have an incentive to build the business for the long term. Insiders own 0.9% of the shares of Allegheny Technologies, valued at around $ 16 million. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.

What could insider trading at Allegheny Technologies tell us?

It doesn’t really mean much that no insider traded Allegheny Technologies shares in the past quarter. However, our analysis of transactions over the past year is encouraging. The insiders have a stake in Allegheny Technologies and their transactions are not of concern to us. In addition to knowing the current insider transactions, it is useful to identify the risks facing Allegheny Technologies. To help you, we have discovered 1 warning sign that you should run your eye to get a better picture of Allegheny Technologies.

Sure, you might find a fantastic investment looking elsewhere. So take a look at this free list of interesting companies.

For the purposes of this article, insiders are those persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

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