Top Buys by Directors: Stangl's $196.4K Bet on REYN

November 04, 2024 — 02:02 pm EST

Written by BNK Invest for BNK Invest ->

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $196.4K by Rolf Stangl, Director at Reynolds Consumer Products Inc (Symbol: REYN).

Purchased	Insider	Title	Shares	Price/Share	Value
11/01/2024	Rolf Stangl	Director	7,207	$27.25	$196,378.39

Stangl's average cost works out to $27.25/share. In trading on Monday, bargain hunters could buy shares of Reynolds Consumer Products Inc (Symbol: REYN) and achieve a cost basis lower than Stangl, with shares changing hands as low as $27.03 per share. Shares of Reynolds Consumer Products Inc were changing hands at $27.04 at last check, trading down about 0.5% on Monday. The chart below shows the one year performance of REYN shares, versus its 200 day moving average:

Reynolds Consumer Products Inc Chart

Looking at the chart above, REYN's low point in its 52 week range is $25.60 per share, with $32.65 as the 52 week high point — that compares with a last trade of $27.04.

The current annualized dividend paid by Reynolds Consumer Products Inc is $0.92/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 11/15/2024. Below is a long-term dividend history chart for REYN, which can be of good help in judging whether the most recent dividend with approx. 3.4% annualized yield is likely to continue.

REYN+Dividend+History+Chart