Gates Industrial Corp (GTES US, +1, 12-Mar-25)
Fredrik Eliasson (Director since 2022) purchased $1.17 million worth of stock on March 7th at $19.56, increasing his holding by 47%. It’s encouraging to see him buying now in size, this is the largest of his 3 purchases in stock and larger than two his prior purchases combined.
Moreover, this is the highest price he has ever paid for shares. His prior buys were $578,000 at $11.57 in May 2023 and $499,000 at $12.20 in February 2024, and both proved timely. The February 2024 purchase was part of a +1 signal, which performed very well. His record as a buyer has been excellent in all of his roles. The company reported Q4 earnings on February 6th.
We are ranking stock +1 (strongly positive signal).
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