NASDAQ:MYL) should definitely note that the Vice Chairman & Lead Independent Director, Mark Parrish, recently paid US$16.79 per share to buy US$210k worth of the stock. That’s a very decent purchase to our minds and it grew their holding by a solid 27%.” data-reactid=”28″>Investors who take an interest in Mylan, Inc. (NASDAQ:MYL) should definitely note that the Vice Chairman & Lead Independent Director, Mark Parrish, recently paid US$16.79 per share to buy US$210k worth of the stock. That’s a very decent purchase to our minds and it grew their holding by a solid 27%.
View our latest analysis for Mylan ” data-reactid=”29″>View our latest analysis for Mylan
The Last 12 Months Of Insider Transactions At Mylan
In fact, the recent purchase by Mark Parrish was the biggest purchase of Mylan shares made by an insider individual in the last twelve months, according to our records. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being US$16.19). It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Mark Parrish was the only individual insider to buy shares in the last twelve months.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
list of growing companies with recent insider purchasing, could be just the ticket.” data-reactid=”49″>Mylan is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Mylan Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 0.6% of Mylan shares, worth about US$51m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Mylan Tell Us?
2 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.” data-reactid=”53″>It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Mylan we think they are probably pretty confident of a bright future. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. At Simply Wall St, we’ve found that Mylan has 2 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.
collection of high quality companies.” data-reactid=”54″>Of course Mylan may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
Get in touch with us directly. Alternatively, email [email protected].” data-reactid=”56″>This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.