Terex Corp (+1, TEX US, December 14th)
David Sachs (Director since 1992) purchased 50,000 shares on December 11th at $51, spending $2.6m and increasing his holdings by 12% to 464,287 shares. This is his largest single purchase in the shares and a complete reversal from a timely $2.4m sale in February 2023 at $57.53.
We ranked this stock +1 just a month ago based on a much smaller purchase from Sachs, along with buys from Julie Beck (CFO, joined 2021) and Andra Rush (Director since 2017), all around $45 per share. Sachs’ follow on convincing buy, just a month later, is interesting to see. He is a co-founder of Ares Management.
We are renewing our +1 rank.
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