When looking at the insider trading on Piedmont Lithium you see some selling by insiders but I think the numbers tell a story. Two big sells of stock came when the stock was up around $71 and came on the heels of an options buy.
Also note, they did not sell their complete portfolio, keeping some to take a bigger position than prior to the transaction.
The CEO Keith Phillips sold 22,080 shares for about 1.6 Million. Currently the disclosed shares of 87,059 shares is worth just about 4.5 million. At the time, the price was peaking and it could be understood to take profits.
As always, thanks for reading. I hope this helps. Our goal at Charge Talk is to build understanding so you can understand what you are investing in. Any comments? Hit us up.
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