Insiders have been buying Appen and ASX share

Every so often, I like to take a look to see which shares have experienced meaningful insider buying.

This is because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its own directors.

A number of shares have reported meaningful insider buying this week. Here are a couple which have caught my eye:

According to a change of director’s interest notice, one of this artificial intelligence services company’s directors has been buying shares. The notice reveals that Ms Vanessa Liu picked up 1,000 shares for $25.00 per share or a total consideration of $25,000 on 24 December 2020 through an on-market trade. These were the first shares that Ms Liu has bought…