VBNK - VersaBank
There is a new addition to my portfolio.
After three months of extensive research, I finally pulled the trigger. What caught my eye? In the last three months, corporate insiders had a decisive vote of confidence in the stock. Besides that, the confirmed up-trend and the usual parameters I use to add the stocks to the portfolio are also all intact.
Overall, corporate insiders bought shares worth $686.2K.
You can look at the insider’s transactions here:
https://www.tipranks.com/stocks/vbnk/insider-trading
My conclusion:
I am bullish on VBNK.
There is a confirmed up-trend, dividends paid regularly, RSI level is in the medium range territory, insiders buying has increased significantly, and as usual, I am just trying to spot the smart money, not advising anyone.
Mr. Market will take care of my prediction either way😉.
Do your research and Due Diligence carefully.