4 ASX shares with director buys this month

Director buys can be a sign that those with the most insight into a company view its shares as undervalued. We take a look at four ASX shares with recent director buys. 

What is insider buying?

Insider buying is the purchase of shares in a company by an officer or executive of that company, such as a director. Insiders usually have insights into the companies they manage and are more likely to purchase shares when they view them as undervalued.

Insiders must only buy based on publicly available information and must inform the ASX of the trade by lodging an Appendix 3Y. Depending on the circumstances, the purchase by an insider of shares can be seen as a vote of confidence in a business. Buys by multiple insiders can act as a…