MSC Industrial Direct Co (MSM US, +1, 10-Apr-25)
Mitchell Jacobson (Chair since 2005, CEO from 1995 – 2005) purchased $11.1m of stock on the 8th April at $69.73, increasing his stake by 2%. His record as a buyer and a seller is good. He notably made a series of purchases between Jan 2021 and July 2022 at prices between $72.25 and $79.19 before reversing and selling at $97.76 in January 2024.
He is now reversing again after the shares drifted back. While the size of the trade is in line with his history, this reversal, given his record, is enough to rank the stock.
We are ranking the stock +1 (strongly positive signal).
Note the current share price is $75.20.
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