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Insiders believe in Zooplus

A good sign

When insiders buy shares, it is a good indication of what the main players in an AG think of their own company.

It is undoubtedly a good sign when employees and insiders at a company show their faith in it. A report by Börse online saying that Moritz Greve, a member of the Zooplus AG supervisory board, purchased 1 500 shares in the company in mid-July, paying over 217 000 euros for them, must therefore be viewed in a positive light.

Moritz Greve appears not to be the only one believing in the future of Zooplus. Since September 2018, not a single insider has sold Zooplus shares, according to Börse online; on the contrary, there has been a large number of purchases by people at the company. This is good news for the SDAX-listed share, with the value of Zooplus shares doubling since the turn of the year from around 58 euros to roughly 160 euros now.

Trades of this kind are a good indication of what the main players in an AG think of their own company. If the managing director buys shares en masse, he or she is evidently confident of the good prospects of the firm. Selling without regard to the losses incurred, on the other hand, is a sure sign that the future doesn't look quite so rosy.




|23 July 2020 | 12:23

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