Top buys by directors: Goettler’s $496,800 bet on VTRS

JDirectors of a company tend to have a unique inside view of the company. Thus, when directors make large purchases, investors are advised to take this into account. Presumably the only reason a director of a company would choose to take his hard-earned money and use it to buy stock on the open market is because he expects to make money – maybe he finds the stock very undervalued, or maybe he sees some interesting things happening within the company, or maybe both. So, in this series, we look at the biggest insider buys by CEOs during the six-month period, one of which totaled $496.8,000 by Michael Goettler, CEO of Viatris Inc ( symbol: VTRS).

Bought Initiated Title Shares Price/Share Assess
03/15/2022 Michael Goettler Chief Executive Officer 50,352 $9.87 $496,772.83

Goettler’s average cost is $9.87/share. Shares of Viatris Inc were changing hands at $10.37 at last check, trading up around 4.1% on Wednesday. The chart below shows the one-year performance of VTRS shares, compared to its 200-day moving average:

Looking at the chart above, VTRS’ low point in its 52-week range is $9.66 per share, with $16.29 as its 52-week high – compare with a last trade of 10.37 $.

The current annualized dividend paid by Viatris Inc is $0.48/share, currently paid in quarterly installments, and its most recent ex-dividend date was 2/23/2022. Below is a table of long-term dividend history for VTRS, which may be useful in determining whether the most recent dividend with approx. The annualized return of 4.8% should be maintained.


Click here to find out what other top insiders are buying from the business leaders you need to know »

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