Top managers sense bargains in these stocks

Frankfurt December 5, 2022 was the blackest day in the stock market history of the online broker Flatexdegiro. The news of a special audit by the Bafin securities regulator and a profit warning caused the share to fall by almost 37 percent.

Company boss Frank Niehage and CEO Muhamad Said Chahrour used the slump to make a purchase. On December 5th and the following days, they placed shares in their own securities accounts via investment companies for a total of around half a million euros.

Flatex thus makes it onto the list of the biggest insider purchases that Olaf Stotz, professor at the Frankfurt School private university, compiles for the Handelsblatt every month. The other big purchases are also noticeable: Insiders mainly bought shares that had fallen significantly.

This is most pronounced at Flatex. Stotz finds the purchases of shares from Europe’s largest online broker particularly interesting and worth imitating for “very speculatively oriented private investors”.