Applied Aerospace & Defense (NYSE:AADX) Director Buys $160,000.00 in Stock

Key Points

  • Director Susan Lynch bought 8,000 shares of Applied Aerospace & Defense at $20.00 each, spending $160,000 and increasing her direct ownership to 8,000 shares.
  • The purchase adds to a broader wave of insider buying: CFO Jeffrey L. McRae and Director James C. Katzman each recently bought 25,000 shares for $500,000.
  • The stock was down 2.2% and opened at $18.60, near its 52-week low of $18.38, even as the company recently completed a $650 million IPO.

Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report) Director Susan Lynch acquired 8,000 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were bought at an average cost of $20.00 per share, with a total value of $160,000.00. Following the transaction, the director directly owned 8,000 shares of the company's stock, valued at $160,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Applied Aerospace & Defense Stock Down 2.2%

Shares of AADX opened at $18.60 on Friday. Applied Aerospace & Defense, Inc. has a 52 week low of $18.38 and a 52 week high of $20.95.

More Applied Aerospace & Defense News

Here are the key news stories impacting Applied Aerospace & Defense this week:

  • Positive Sentiment: CFO Jeffrey L. McRae bought 25,000 shares at $20.00 each, a $500,000 investment that signals confidence from inside management. SEC filing
  • Positive Sentiment: Director James C. Katzman purchased 25,000 shares for $500,000, significantly increasing his ownership and reinforcing the insider-confidence theme. SEC filing
  • Positive Sentiment: Director Susan D. Lynch also bought 8,000 shares at the IPO price, adding to the view that leadership sees value at current levels. SEC filing
  • Positive Sentiment: Applied Aerospace & Defense completed a $650 million IPO on June 3, with strong demand and pricing above the middle of the expected range, which supports the company’s market debut and capital position. Reuters article
  • Neutral Sentiment: Analysts and market commentary are debating the valuation, with some noting the stock looks expensive and that growth visibility is still unclear after an active M&A history. Seeking Alpha article
  • Negative Sentiment: The shares have slipped after the IPO debut as investors reassess the name’s near-term upside and the market digests the new listing. Seeking Alpha news




Featured Stories

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at Applied Aerospace & Defense?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Applied Aerospace & Defense and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles