Anna von Bayern, the Chief Corporate Affairs Officer at Coty (COTY), recently started a stake with a 32,100 share buy. The total price came to just over $232,000.
This is the first buy from a company executive in months, but company directors have been active buyers over the past few months. In total, a handful of directors have picked up over 1.1 million shares of the cosmetics company. Overall, insiders own over 62 percent of shares.
Shares of the firm have rebounded from a low near $3 per share in the fall to over $6 today. While impressive, shares have traded as high as $18 back in 2018, and over $10 per share at the start of 2020.
- This Industry is Exploding Faster Than It Has in 15 Years
1,700 people are moving to Central Florida every week.
And the numbers are only increasing as more and more people are banking the end of the pandemic drawing near.
And one company, which just received critical approval to list on a prestigious public exchange, could be on the verge of going on a huge run.
While the company is currently unprofitable, earnings surged over 300 percent in the most recent quarter as work-from-home trends flattened out and unemployment numbers started to come down.
Action to take: With heavy insider ownership, heavy insider buying, and an industry in the midst of recovering, shares look attractive here. The company has paid a dividend in the past, but has no guidance on that at the moment. That makes an options play attractive.
The May 2021 $7 calls will allow the current uptrend to continue to play out. With shares just under $7, this is the at-the-money trade likely to move in-the-money. Trading at about $1.45, it’s an inexpensive way to play the current uptrend in shares higher over the next few months.