Why United Wholesale Mortgage CEO Matt Ishbia Is Betting His Company's Worth More
Sometimes the share-buying and share-selling behavior of a company's executive team can offer clues to the public about how those insiders view the value of the stock. If executives are buying, that is typically a bullish sign. When they sell, it's often interpreted as a bearish signal (or at least, not a bullish one).
Recently, Matt Ishbia, CEO of UWM Holdings (NYSE: UWMC), the parent of mortgage giant United Wholesale Mortgage, canceled a previously announced stock offering. The story offers some interesting insight into how companies view their stock prices, and it also speaks to the effects of stock indexing.
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Source Fool.com
