3 ASX 200 directors who have been buying up their company shares this week

These insiders apparently like the look of their company's stock.

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The S&P/ASX 200 Index (ASX: XJO) has been on the up and up this week, gaining around 2.5% over the last four sessions. There's been plenty of buying activity among ASX 200 insiders in that time, with three forking out for notable parcels of their company's shares.

Indeed, one ASX 200 insider spent $272,000 to bolster their holding.

So, which market favourites have been the subject of insider trading this week? Keep reading to find out.

3 ASX 200 directors snapping up their company's shares

CSL Limited (ASX: CSL) was the first ASX 200 share bought by insiders this week.

CSL director Alison Watkins indirectly purchased 1,000 of the company's shares on-market on Monday, paying $272 per share to do so.

That saw the director forking out a total of $272,000. Watkins walked away from the transaction with an indirect interest in 3,076 CSL shares.

The ASX 200 company's share price has since lifted 1.4% to trade at $275.86 at the time of writing.

There's also been insider buying at ASX 200 property group Stockland Corporation Ltd (ASX: SGP) this week.

Stockland director Stephen Newton indirectly snapped up 30,000 shares in the company on-market on Monday, paying around $3.30 apiece to do so. That leaves the parcel with a value of $99,000 and Newton holding 70,000 shares in the ASX 200 company.

That's already paid off for the director. The Stockland share price currently trades 4.5% higher than Newton's price at $3.45.

Finally, an ASX release revealed Transurban Group (ASX: TCL) CEO and director Scott Charlton has indirectly increased his holding in the ASX 200 toll road operator's shares.

Charlton's interest in the company increased by 15,000 stocks, each bought on-market for $12.45, on Monday.

The parcel cost a total of $186,750 and left the director with 16,500 of the company's stocks.  

That's proved to be a short-term winner. The Transurban share price is now trading at $13.07 – 4.9% higher than the price paid by the director.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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