Insiders have been buying these 3 ASX shares

Insiders have been buying the shares of Harvey Norman Holdings Limited (ASX:HVN) and two other ASX shares…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Once a week I like to look at which ASX shares have been experiencing insider buying and selling.

This is because in theory nobody should know a company and its prospects better than its directors. So when insiders are shown to be buying shares it is often regarded as a bullish indicator and vice versa when they are seen to be selling shares.

Three shares which have been experiencing meaningful insider buying recently are listed below. Here's what you need to know:

Harvey Norman Holdings Limited (ASX: HVN)

For a second week in a row Gerry Harvey has been in the market adding to his considerable shareholding. According to his change of director's interest notice, Mr Harvey added an additional 267,589 shares at a combined price of $974,425.34. This leaves Harvey with a total interest of just under 250 million shares. Despite all his buying, Harvey Norman's shares are still within a whisker of their 52-week low.

Nufarm Limited (ASX: NUF)

A change of director's interest notice reveals that director Marie McDonald has acquired 8,584 shares at a price of $8.72 per share through an on-market trade. These are the first shares picked up by McDonald, who is also a director of CSL Limited (ASX: CSL). Last week Nufarm delivered a strong half-year result which was well-received by the market and led to Ord Minnett upgrading its shares to a buy rating.

Polynovo Ltd (ASX: PNV)

According to a change of director's interest notice, non-executive chairman David Williams has increased his indirect interest in the company through the purchase of 2,100,000 shares at 49 cents per share via an on-market trade. This has increased Mr Williams' interest in the dermal regeneration-focused medical device company to 14.1 million shares. Last month Polynovo reported a 31% increase in half-year revenue to $2.75 million.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »