In a world first, StockLight is now publishing director transactions and holdings from ASX company insiders to our new Twitter account @ASXinsiders.
When a director buys or sells shares in a public company for which they sit on the board, corporate governance obligations require them to report their transactions and holdings to the ASX.
Until now, there has been no easy way for retail investors to track these holdings and transactions as they happen. That changes today as StockLight is now disclosing not only the trade details but also the ownership stake of the director involved as both a rough monetary amount and as a rough overall percentage of the company.
As anticipation builds towards the next StockLight release, this gives a sneak peak towards the powerful new tools and filters our users can look forward to in what is shaping up to be the most comprehensive StockLight app update since launch.
Insider activity can be a good starting point to further investigate a company however note that as with other StockLight data, it should not be used alone as an indicator to buy or sell a stock.