A director at Lamb Weston Holdings purchased 18,000 shares last week. The deal was at an average price of $ 92.01 per share and was worth $ 1.65 million. However, this month, CFOs and other executives sold directly from their units.
Lamb Weston posted surprisingly good results and raised their expectations for this year. Analysts’ recommendations remain a buy.
The director has purchased 14 450 units of the company. He bought the same on December 31, 25 550. Last week’s deal was $ 1.36 million, with a price range between $ 33,935 and $ 34.
Birds Eye manufacturer Chef Boyardee and other products posted better results in December but lowered expectations for fiscal 2020. Analysts expect the stock to rise to $ 34.93.
Insiders are active with Amazon, Darden Restaurants and Salesforce purchases.
Trader Martin Nikolov