As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.
So let's look at one noteworthy recent insider buy.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.
So let's look at one noteworthy recent insider buy.
On Wednesday, B.
Riley Financial's President, Kenneth M.
Young, made a $73,600 purchase of RILY, buying 1,600 shares at a cost of $46.00 each.
Young was up about 12.2% on the purchase at the high point of today's trading session, with RILY trading as high as $51.62 in trading on Wednesday.
B.
Riley Financial is trading up about 8% on the day Wednesday.
Before this latest buy, Young bought RILY at 2 other times during the past twelve months, for a total cost of $98,105 at an average of $21.80 per share.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
