Chief Operating Officer Matthew Scarpato purchases 700 shares of York Water at market price, growing position while stock trades well below recent highs.
Matthew Scarpato, York Water's Chief Operating Officer, purchased 700 shares in early May, increasing his holdings by more than a third with a single transaction. This is his eighth open-market purchase in the past three years — he has never sold shares on the open market — establishing a consistent pattern of accumulation. However, his timing on prior buys at this company has been mixed: only one of his five previous purchases at York Water preceded gains over the following quarter, while four preceded declines, suggesting his entry points have not consistently captured near-term strength. The stock is currently trading well below its recent highs and has declined modestly over the past three months, creating a lower entry point. York Water remains a stable, profitable company with growing revenue, which provides some fundamental support for his continued buying at these levels.