In the wake of two disappointing earnings reports from Q2 and Q3, shares Chatham Lodging Trust CLDT are trading at over a 25 percent premium compared to early August. This week, Chatham experienced three insider trades before spiking late in afternoon trading:
After news of the first insider purchase came through, Chatham’s share price spiked to $17.66 just before market close Tuesday, dropping slightly to $17.55 in after-hours trading.
At last check, Chatham was up 4.5 percent at $18.34.
Insider transactions can indicate what company management and major shareholders expect to happen to the price of a stock both near and long term.
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