Top Buys by Directors: Sonsteby's $163.1K Bet on DRI
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $163.1K by Charles M. Sonsteby, Director at Darden Restaurants, Inc. (Symbol: DRI). Purchased Insider Title Shares Price/Share Value
12/31/2019 Charles M. Sonsteby Director 1,500 $108.74 $163,110.00
Sonsteby's averag ...