Insider Buying Colliers International Group Inc.
On March 3 and 4, co-chief investment officer Zach Michaud invested over $500,000 in shares of Colliers. He bought a total of 3,146 shares at an average price per share of approximately $159.15, after which this specific account held 19,146 shares.
Shares of Colliers have experienced a steep sell-off and are hovering just above oversold territory with an RSI reading of 32. On March 10, the share price closed at $158.79, down 19 per cent from the prior month. On Feb. 10, the stock price closed just below the $200 level, at $196.29.
Colliers has announced plans to exit Russia. In a news release issued on March 7, chief executive officer Jay Hennick said, “I am appalled and saddened by the unnecessary loss of life and the displacement of millions of Ukrainians from their home. We cannot and will not stand idly by. Our decision to exit Russia and Belarus is one we make with conviction.”