Wally's Bullish On Acushnet Stock: Buys $1.19 Million More
/John Dorfman at Gurufocus.com notes Wally Uihlein's purchase of $1.19 million more of GOLF on November 2, adding to the CEO's initial holdings of Acushnet stock. This brought Uihlein's holdings to 702,196 shares with a $13.7 million valuation at Monday's closing price of $19.57 a share.
There was also this:
On the same day as Uihlein made his jumbo purchase, five other Acushnet insiders bought smaller amounts.
Such cluster buying is a good sign more often than not.
The stock has so far peaked at $21.57, with Monday's 2.3% rise helping to soften the blow of last Friday's 5.39% drop.
On IPO launch day, the site featured this Q&A with Acushnet COO David Maher. Gurufocus featured this breakdown of the initial stock purchases on November 2nd.
