heikoscreens
Oct 4, 5:41 PM
$FOXA has the biggest CEO buy on my insider screen right now: Lachlan Murdoch bought ~150k shares on Sep 15 at ~68.53, about 10.3M USD of his own money (stake +12%). Three weeks later it closed Friday at 62.28, ~9% below his price and ~18% under the 52w high (75.68). So far not a timing signal. The overhang is still the 22B Roku deal from June (debt + dilution worries). Fundamentals on my screens look fine: P/E ~16, Piotroski 7/9, dividend only ~14% of earnings. No momentum or reversal signal yet, no position. Earnings Oct 29. Is he buying confidence in the Roku deal, or just a price he couldn't pass up?
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