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This Key Defense Company is in Turmoil

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3 Beaten-Down Stocks Insiders Scooped Up as 2020 Ended

Steel Partners Holdings (SPLP), a conglomerate with operations in manufacturing, financial services, and energy. The three stocks have dropped 13.8%, 40.8%, and 11.2%, respectively, in 2020, compared with a 16.3% rise in the Fidelity National director John Rood paid $1.1 million on Dec. 23 for 29,100 shares, a per-share average price of $38.45. According to a form Rood filed with the Securities and Exchange Commission, he now owns 181,434 shares. Rood, founder and chairman of real-estate firm Vestcor Cos. who joined Fidelity National’s board in 2013, has been the only company insider to buy stock on the open market since 2009. Fidelity National didn’t respond to a request to make Rood available for comment.

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