Trade Alert: Independent Chairman Emeritus Of World Kinect Paul Stebbins Has Sold Stock

World Kinect Corporation -0.50%

World Kinect Corporation

WKC

25.89

-0.50%

Some World Kinect Corporation (NYSE:WKC) shareholders may be a little concerned to see that the Independent Chairman Emeritus, Paul Stebbins, recently sold a substantial US$1.5m worth of stock at a price of US$24.56 per share. That's a big disposal, and it decreased their holding size by 29%, which is notable but not too bad.

View our latest analysis for World Kinect

World Kinect Insider Transactions Over The Last Year

In fact, the recent sale by Paul Stebbins was the biggest sale of World Kinect shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$24.15. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
NYSE:WKC Insider Trading Volume March 8th 2024

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.8% of World Kinect shares, worth about US$41m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About World Kinect Insiders?

An insider hasn't bought World Kinect stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 3 warning signs with World Kinect and understanding them should be part of your investment process.

Of course World Kinect may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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