Wynn Macau COO & Executive Director Jean-Luc Luvisutto Sells 44% Of Holding
We wouldn't blame Wynn Macau, Limited (HKG:1128) shareholders if they were a little worried about the fact that Jean-Luc Luvisutto, the COO & Executive Director recently netted about HK$14m selling shares at an average price of HK$5.05. That sale reduced their total holding by 44% which is hardly insignificant, but far from the worst we've seen.
The Last 12 Months Of Insider Transactions At Wynn Macau
Notably, that recent sale by Jean-Luc Luvisutto is the biggest insider sale of Wynn Macau shares that we've seen in the last year. That means that an insider was selling shares at around the current price of HK$4.96. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Wynn Macau
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership Of Wynn Macau
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.2% of Wynn Macau shares, worth about HK$39m, according to our data. We do generally prefer see higher levels of insider ownership.
So What Do The Wynn Macau Insider Transactions Indicate?
An insider hasn't bought Wynn Macau stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Wynn Macau is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Wynn Macau. For example, Wynn Macau has 3 warning signs (and 2 which are a bit unpleasant) we think you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.