A company's directors are assumed to be among the most knowledgeable on its ins and outs, risks and rewards, and potential ups and downs. Thus, market watchers tend to pay attention when an insider buys or sells their company's shares – and these All Ordinaries Index (ASX: XAO) directors have been doing just that lately. Let's take a look.
3 ASX All Ords shares bought and sold by insiders this week
3P Learning Ltd (ASX: 3PL)
There've been some big parcels of 3P Learning shares swapping hands among the All Ords company's directors recently.
Non-executive director Craig Coleman was a buyer last week, snapping up 1.4 million stocks in the online education resources provider for a grand total of around $1.68 million – approximately $1.20 apiece.
On the other side of the fence, managing director and co-founder Matthew Sandblom offloaded 913,000 shares for close to $1.1 million – or $1.20 apiece. Sandblom still holds around 136 million shares in the company, representing a 49% stake.
And so far, neither director has realised any gains or missed opportunities. The All Ords share is still trading at $1.20 today.
Orora Ltd (ASX: ORA)
Over at All Ords packaging company Orora Ltd, CEO and managing director Brian Lowe has been selling shares.
The company's boss sold 95,000 shares on market a week ago and transferred another 170,000 between his direct and indirect holdings. Each stock he sold saw him receive $3.50, for a total of $332,500.
The Orora share price is trading 3% lower at $3.40 today.
Lycopodium Ltd (ASX: LYL)
Finally, ASX All Ords engineering company Lycopodium has also been the subject of recent insider selling.
Founding partner and non-executive director Rodney Leonard sold a 100,000-strong parcel of the company's stock for a grand total of around $1 million last week. That means each share was offloaded for approximately $10.12.
That's seemingly unfortunate given the Lycopodium share price is trading at $10.59 at the time of writing.
