financetom
Business
financetom
/
Business
/
Lamb Weston Pick of the Week at Smart Insider Following Directors, Chair Stock Purchases
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Lamb Weston Pick of the Week at Smart Insider Following Directors, Chair Stock Purchases
Jan 21, 2025 3:57 AM

06:31 AM EST, 01/21/2025 (MT Newswires) -- Lamb Weston Holdings ( LW ) was Smart Insider's stock pick of the week after the company's Director Robert Niblock bought $183,000 worth of Lamb Weston's ( LW ) shares at $60.94 apiece on Jan. 13, increasing his ownership by 13%.

Chair William Jurgensen and Director Charles Blixt purchased $316,000 and $76,000, respectively, worth of the company's shares at roughly $63.25 apiece on Dec. 23, Smart Insider said in a note Tuesday.

This was Blixt's first share purchase, the note added.

"We ranked the stock +N in July 2024 based on purchases from Niblock and Jurgensen, and the signal proved timely with a 30% return over three months. The stock has since declined, and it is interesting to see both directors make additional purchases," according to the note.

Smart Insider ranked the stock +N, or notable and positive signal, on Jan. 15.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved