Since we did not rank any new stocks this past week, we are using Calavo Growers (CVGW +1 July 17th) as our stock of the week, a name we upgraded 11 days ago
Calavo Growers Inc (+1, CVGW US, July 17th)
Lecil Cole (CEO since 2023, Chairman and CEO between 1999-2020, Non-Executive 2020-2021) purchased $2.3 million of stock on the 13th July at $30.34, increasing his holding by 17%.
He rejoined the board as CEO in 2023 having left the Board after many years in 2021. He initially bought $2.6 million of stock in March 2023 at $26.12 and it’s encouraging to see him continue to buy in size at this slightly higher price. He has been a rare buyer, only making 1 set of purchases since 2008, a cluster of buys in 2017 at an average price of $57 that were very well timed (and which we ranked +1). A few years after those purchases in 2017, he made some timely sales from 2018-2020 at prices ranging from $84-104.
We are ranking the stock +1.
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