California Water Servs Gr Sees Insider Buying Spree, Shares Rise

Three board members collectively invest over $336K in California Water Servs Gr, signaling strong confidence in the company's future.

On March 7, three board members of California Water Servs Gr executed significant insider buys, totaling over $336,000 in stock purchases.
The company's shares experienced a modest increase of 0.71% in the morning session following the insider transactions.
California Water Servs Gr reported a revenue growth of 6.76% for the quarter ending December 31, 2023, despite trailing behind the industry average.
The company's Price to Earnings (P/E) ratio stands at 50.81, indicating a premium valuation by the market.
Insider transactions are considered a key indicator of a company's future prospects, with these recent purchases reflecting optimism among board members.