These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. The average buy price was around US$2.80.
While LiveXLive Media insiders bought shares during the last year, they didn't sell. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$2.98. In the last twelve months, the biggest single purchase by an insider was when Founder Robert Ellin bought US$85k worth of shares at a price of US$1.99 per share.
The Last 12 Months Of Insider Transactions At LiveXLive Media
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