Insider Trading Divergence at Iridium as Stock Languishes

A fascinating divergence in executive sentiment is unfolding at Iridium Communications. While the company’s stock has shed nearly half its value since the start of the year, recent regulatory filings reveal a stark contrast in trading activity between the CEO and a board director, offering a rare glimpse into the differing perspectives at the highest levels of the satellite communications specialist.

Recent SEC disclosures paint a contradictory picture of insider confidence. CEO Matthew Desch demonstrated his belief in the company’s trajectory by acquiring an additional 20,000 shares in late October. This purchase, executed at approximately $17.33 per share, expands his holdings to over 1.1 million shares and signals a strong personal commitment to Iridium’s Read more...