Ben Silverman, Director of Research for VerityData, spoke with MarketWatch after public filings revealed that Charter’s lead independent director recently bought $10 million of stock.
“If you’re shortlisting stocks…this is one of the stocks on the shortlist there,” Silverman said. “It’s unusual, high conviction buying.”
As we shared in this month’s Insider Review:
Director Eric Zinterhofer showed strong conviction with his purchase of $10.2M at $374.04 to kick off November. He’s been on the board since 2010 without ever buying before so the decision to buy after this year’s slide is a meaningful deviation in behavior.