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How Much Are Six Flags Entertainment Corporation (NYSE:SIX) Insiders Spending On Buying Shares?

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So shareholders might well want to know whether insiders have been buying or selling shares in Six Flags Entertainment Corporation (NYSE:SIX).

What Is Insider Buying?

It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information.

Insider transactions are not the most important thing when it comes to long-term investing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. As Peter Lynch said, ‘insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.’

See our latest analysis for Six Flags Entertainment

The Last 12 Months Of Insider Transactions At Six Flags Entertainment

In the last twelve months, the biggest single purchase by an insider was when Director Kurt Cellar bought US$742k worth of shares at a price of US$49.47 per share. That implies that an insider found the current price of US$54.18 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. We do always like to see insider buying, but it is worth noting if

Article source: https://finance.yahoo.com/news/much-six-flags-entertainment-corporation-171528913.html

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