Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
On Friday, Driven Brands' Director, Rick D.
Puckett, made a $420,000 purchase of DRVN, buying 15,000 shares at a cost of $28.00 each.
Bargain hunters are able to grab DRVN at a price even lower than Puckett did, with the stock trading as low as $25.30 in trading on Tuesday which is 9.6% under Puckett's purchase price.
Driven Brands is trading down about 0.2% on the day Tuesday.
And on Thursday, Chairman, Co-CEO David Portnoy purchased $123,555 worth of Cryo-cell Intl, purchasing 15,500 shares at a cost of $7.97 a piece.
Before this latest buy, Portnoy purchased CCEL at 9 other times during the past year, for a total investment of $645,080 at an average of $7.80 per share.
Cryo-cell is trading up about 2.9% on the day Tuesday.
So far Portnoy is in the green, up about 1.0% on their buy based on today's trading high of $8.05.