Mark W. Miles, Chief Financial Officer of Berry Global Group (NYSE:BERY), and more than 10% owner, actively traded shares of the company last week. The corporate insider purchased 120,000 shares worth $3.45 million (exercised options) and sold 85,118 shares for $5.10 million.
Berry Global is a packaging solutions company. In the past year, BERY shares have gained 3.5%.
A Closer Look at the Insider’s Transactions
As per the Form 4 filing with the SEC, the corporate insider made multiple trades of BERY shares on May 14 and May 15. It is worth noting that following the latest transactions, Miles owns 119,384 shares of Berry Group worth $7.14 million.
Berry Group stock currently has a Negative Insider Confidence Signal on TipRanks based on Informative Sells worth $2.5 million undertaken in the last three months.
It is important to keep an eye on the Informative trades of corporate insiders, given their knowledge of a company’s growth potential. Interestingly, TipRanks offers daily insider transactions and a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is Berry a Good Stock to Buy?
Analysts remain split about Berry Global’s stock trajectory. On TipRanks, BERY stock has a Moderate Buy consensus rating based on three Buys versus six Hold ratings. The average Berry Global price target of $70.13 implies 15.5% upside potential from current levels.
