Resideo Technologies (REZI) was Smart Insider's stock pick of the week after the company's Chair Andrew Teich acquired more than $1 million worth of company shares for $20.20 apiece on May 22, raising his stake by 20%.
Teich also bought shares in February for $350,000, or $19.29 apiece, Smart Insider said in a Tuesday note.
The latest stock purchase was the chair's "largest" of his previous five buys and the "highest" price he has "ever" paid for the stock, according to the note.
"His record as a buyer has been good," the note said.
Smart Insider ranked the stock +1, or strongly positive signal, on Wednesday.
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