Posted 2/27/2024, 12:21:09 PM
Enviva Insiders Stand Behind Stock Despite 15% Drop, Buying Millions in Shares Over Past Year
- Insiders purchased $3.41 million worth of Enviva Inc. stock in the past year at an average price of $9.13 per share, but the stock price has since declined 15%, meaning their investment is now only worth $118.5k
- The largest single insider purchase was when a director bought $1.9 million worth of shares at $10.22 per share in February 2024
- Insiders have not sold any Enviva shares over the past year, suggesting they still view the stock price as attractive
- Enviva insiders own 4.6% of the company, worth about $1.1 million, which is decent but could be higher
- Enviva faces some risks that could negatively impact the stock price, so investors should consider these before buying shares