Home Markets As Genworth Financial, Inc.’s (NYSE:GNW)) market cap dropped by US$152m, insiders who...

As Genworth Financial, Inc.’s (NYSE:GNW)) market cap dropped by US$152m, insiders who sold US$631k worth of stock were able to offset their losses

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Over the past year, insiders sold US$631k worth of Genworth Financial, Inc. (NYSE:GNW) stock at an average price of US$4.21 per share allowing them to get the most out of their money. The company’s market valuation decreased by US$152m after the stock price dropped 8.2% over the past week, but insiders were spared from painful losses.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Genworth Financial

Genworth Financial Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Executive VP & General Counsel, Ward Bobitz, for US$378k worth of shares, at about US$4.21 per share. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. It’s of some…

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