MSC Industrial Pick of the Week at Smart Insider Following Chairman Jacobson's Stock Purchase

MT Newswires Live

2025/11/11

MSC Industrial Direct (MSM) was Smart Insider's stock pick of the week after the company's Chairman Mitchell Jacobson acquired $15.4 million worth of company shares at $84.75 apiece on Nov. 3, raising his stake by 2%.

The chairman purchased a number of shares between 2021 and 2022 at prices from $72 to $79 per share before selling at $97.76 apiece in January last year, Smart Insider said in a Tuesday note, adding that Jacobson bought $11 million worth of stock again in April at $69.73 per share.

It is "very encouraging" to see the chairman buying shares again after six months at a 20% higher price, according to Smart Insider.

Smart Insider ranked the stock +1, or strong positive signal, on Nov. 4.

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