Executive VP & Chief Accounting Officer Michael Sherin Sold A Bunch Of Shares In AMC Global Media

Anyone interested in AMC Global Media Inc. (NASDAQ:AMCX) should probably be aware that the Executive VP & Chief Accounting Officer, Michael Sherin, recently divested US$132k worth of shares in the company, at an average price of US$12.35 each. Equally important, that sale actually reduced their holding by a full 100% which hardly makes us feel bullish about the stock.

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The Last 12 Months Of Insider Transactions At AMC Global Media

In fact, the recent sale by Michael Sherin was the biggest sale of AMC Global Media shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$11.77. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Michael Sherin divested 11.91k shares over the last 12 months at an average price of US$11.89. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for AMC Global Media

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Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 2.4% of AMC Global Media shares, worth about US$12m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The AMC Global Media Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that AMC Global Media is showing 2 warning signs in our investment analysis, and 1 of those doesn't sit too well with us...

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.