Insider transactions often signal confidence, though selling motivations vary widely. Recent filings reveal two significant purchases: one from Virco Manufacturing’s Executive Vice President Douglas A. Virtue and another from Taiwan Semiconductor Manufacturing’s Controller Chih-ho Chen. Below is a detailed breakdown of these transactions:
On Thursday, Douglas A. Virtue, Executive Vice President of Virco Manufacturing, purchased 5,740 shares of VIRC at $6.00 per share, totaling $34,438. This move pushed VIRC’s stock up approximately 3.1% during the session, with the stock closing at $6.18. Over the past year, Virtue has acquired VIRC on five separate occasions, spending a cumulative $257,886 at an average of $6.47 per share. On Friday, Virco Manufacturing’s stock gained about 1.5%, reflecting sustained insider confidence.
At Taiwan Semiconductor Manufacturing, Controller Chih-ho Chen purchased 50 shares of TSM on Tuesday at $74.60 per share, totaling $3,730. This follows four prior purchases over the past year, where Chen spent $9,564 at an average of $69.81 per share. The latest buy resulted in a remarkable 442.5% gain for Chen, as TSM briefly surged to $404.70 during intraday trading. Despite this, TSM ended Friday down roughly 1.8%.
VIDEO: Friday 7/17 Insider Buying Report: VIRC, TSM
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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