Element Solutions Inc – (ESI, +1, November 16th)
Sir Martin Franklin (Executive Chair since 2019, founder) purchased 902,000 shares, spending $17.2 million on the 15th of November at $19.07, increasing his stake to over 15 million shares. This latest purchase is going into a charitable foundation. His last purchase was in October 2020 at $11.50 and was timely.
Most of his other purchases were between 2015-2018 and all around the $11 price level. Those purchases met with flat results. This latest purchase stands out as it’s his largest purchase so far (compared to his 13 previous buys) and at a much higher price than he last
bought stock, $11.50 in October 2020.
We are ranking the stock +1.
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