 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Top Buys by Directors: Larson's $303.7K Bet on RYIBy Metals Channel Staff, Monday, December 5, 4:16 PM ET
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $303.7K by Stephen P. Larson, Director at Ryerson Holding Corp (NYSE:RYI). Larson bets big on RYI:
Larson's average cost works out to $30.37/share. In trading on Monday, bargain hunters could buy shares of Ryerson Holding Corp (NYSE:RYI) and achieve a cost basis lower than Larson, with shares changing hands as low as $29.82 per share. Shares of Ryerson Holding Corp were changing hands at $30.14 at last check, trading down about 1.1% on Monday. The chart below shows the one year performance of RYI shares, versus its 200 day moving average:
Looking at the chart above, RYI's low point in its 52 week range is $17.90 per share, with $44.09 as the 52 week high point — that compares with a last trade of $30.14. The current annualized dividend paid by Ryerson Holding Corp is $0.64/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/30/2022. Below is a long-term dividend history chart for RYI, which can be of good help in judging whether the most recent dividend with approx. 2.1% annualized yield is likely to continue.
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
This Article's Word Cloud:
Arial
Below
Buys
Company
Corp
Days
Director
Directors
Dollars
Holding
Insider
Join
Larson
Monday
NYSE
Ryerson
Seven
Shares
Stephen
annualized
average
buys
changing
chart
company
cost
directors
dividend
escape
fillColor
hands
last
make
maybe
mdash
most
paid
period
point
recent
share
shares
stock
take
that
they
trading
week
which
with
|
Play Video:
One Reason For Insiders to Buy
Free Email Alerts By Stock:
Start slideshow: