Titan Insider Scoop: Notable insider buying at Uber

Update3 months ago
Yesterday afternoon, Uber board director Robert Eckert disclosed a large open market purchase of Uber stock during Monday's trading session.
The stock purchase totaled to roughly half a million dollars at an average price of $31.60 (or about 5% below where it closed on Wednesday).
Insider purchases like this are often a great indicator of internal / management confidence.
Executives and board directors obviously have great purview into how things are going at their respective companies - so when they make large personal purchases with their own capital, it's often wise for other investors to pay attention.
This transaction in particular stood out to us given the insider's consumer sector expertise and relative lack of other open market purchases.
Mr. Eckert is currently a private equity executive and formerly the CEO of both Kraft Foods and Mattel.
Eckert currently also holds directorships at McDonald's (MCD), Levi Strauss (LEVI), and Amgen (AMGN), but notably has not made any open market purchases at any of those companies in the last several years.
While not much can be read into that absence of buying activity alone, when held in context with this recent open market purchase, we believe it improves the relative signal that the transaction sends.
As always, we'll be sure to keep you posted if any other interesting insider buying activity comes across our screens.
As of this writing, UBER was a portfolio holding of Titan Invest. This security may cease to be a portfolio holding at some point in the future.

Become a Titan investor today.

Titan Invest is an SEC registered investment adviser. By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.
Refer to Titan Invest’s Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Brokerage services are provided to Titan Clients by Apex Clearing, an SEC registered broker-dealer and member FINRA/SIPC. For more information, see our disclosures. Contact: 110 Greene Street, Suite 910, New York, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
© Copyright 2020 Whisker Technologies, Inc. All rights reserved.