Luceco CFO & Executive Director William Hoy Buys Shares of $116k Total Value

Recent insider activity at Luceco plc (LON: LUCE) has caught the attention of investors, particularly noteworthy being the purchase by CFO & Executive Director William Hoy, who acquired $116k worth of the stock at $1.79 per share. This substantial investment, increasing his holding by 33%, reflects a robust vote of confidence in the company’s prospects.

Additionally, insider Wayne Hill’s significant purchase of approximately $144k worth of shares in the past year stands out despite the acquisition being below the current market price. While such transactions may indicate insiders’ belief in the stock’s undervaluation, they offer limited insight into their stance on current prices. It’s worth noting that over the past twelve months, insider transactions at Luceco have been predominantly purchases, with no reported sales.

Furthermore, insider ownership stands at 26% of the company, totaling approximately $78m, signaling a considerable alignment of interests between insiders and other shareholders. While this figure may not be the highest observed, it underscores a notable level of commitment and confidence from insiders. In light of these developments, investors seeking promising opportunities may find Luceco an intriguing prospect, especially given the demonstrated support from insiders.

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