Insider Buy - Shyft (SHYF)

Background

Shyft Group (SHYF), formerly Spartan Motors, is a company that specializes in designing and manufacturing specialized vehicles and chassis. Founded in 1975, it's based in Novi, Michigan, and employs around 3,000 people. The company has expanded its reach through key acquisitions, including Utilimaster, a manufacturer of delivery and vocational trucks, and F3 MFG Inc., known for its DuraMag and Magnum aluminum truck bodies. Shyft Group caters to diverse markets, including recreational vehicles, government services, and various delivery and service industries.

Which Insiders are Buying

• 10/31/2023 - Jonathan Douyard (CFO) purchased $100k worth of shares at $11.10.

  • This represents a ~13% increase in his holdings.

• 8/08/2023 - Michael Dinkins (Director) purchased $49k worth of shares at $15.64.

  • This represents a 24% increase in his holdings

• Over the last 5 months, many other directors have purchased stock as shown below:

  

  From: https://app.stockocean.com/company/shyf

Let’s take a look at the previous cluster purchases over the last 10 years by company management in SHYF Stock:

Management has proven to make savvy purchases at least 6 times over the last 10 years where the stock price increase significantly afterwards.

You can find the full list of buys and sells of SHYF stock by management and directors here: https://app.stockocean.com/company/shyf

SHYF is microcap stock and has a high chance of performing badly. Do your own research before making any trades in the stock.

Insider Sell - Packaging Corp of America (PKG)

Background

Packaging Corporation of America (PCA) is a leading manufacturer of packaging products, primarily focusing on producing corrugated packaging and containerboard. The company is headquartered in Lake Forest, Illinois, and operates across the United States. PCA serves a diverse range of industries, offering packaging solutions that include standard and custom-designed boxes, retail packaging, and protective packaging. In addition to its core packaging products, PCA also engages in paper recycling and renewable energy production, emphasizing sustainability in its operations.

Which Insiders are Selling

Over the last 6 months, insiders have sold ~$11 million of stock. None of the trades are listed as 10b5-1 plan scheduled sales. Sellers include the following:

• Paul Stecko - Director

• Kent Pflederer - SVP, General Counsel and Secretary

• Donald Shirley - SVP, Corporate Engineering

• Bruce Ridley - SVP, Environmental Health and Safety

• Andrew Schneider - SVP and Chief Information Officer

• Thomas Hassfurther - EVP - Corrugated Products

• Charles Carter - EVP - Mills Operations

Let’s take a look at the previous cluster sales over the last 10 years by company management in PKG Stock:

The data shows that each time management sells stock, there tends to be a pull back in price within the next 3 or so months. PKG’s stock price is currently at all time highs.

Make sure to do your own research before trading in any stock.

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