The bosses of major Austrian stock companies bought numerous securities from their own companies in 2024. The ‘Krone’ has looked at which captains of industry will buy shares in ‘directors’ deals’ in 2024 – and when this ‘insider trading’ will be allowed.
At first glance, the year on the Vienna stock exchange was very good, but mainly banks and insurance companies contributed to the ATX price increase of around seven percent, especially Bawag and Erste Bank, which rose by more than 60 percent within twelve months.
Managers bought many of their own shares
Otherwise, analysts still see upside potential in many stocks; many stocks have not yet recovered from price corrections. But the top executives of ATX companies also believe in the potential of their companies in the stock market, doing “directors’ deals” and stockpiling shares, a report shows – itself a good sign if managers believe their companies develop good faith in your own company.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
