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.
At Hamilton Beach Brands Holding, a filing with the SEC revealed that on Friday, Director John C.
Butler Jr. purchased 15,690 shares of HBB, for a cost of $11.53 each, for a total investment of $180,968.
So far Butler Jr. is in the green, up about 69.5% on their purchase based on today's trading high of $19.55.
Hamilton Beach Brands Holding is trading down about 1.6% on the day Wednesday.
And at B.
Riley Financial, there was insider buying on Monday, by Director Michael Joseph Sheldon who purchased 2,089 shares for a cost of $48.95 each, for a trade totaling $102,257.
Before this latest buy, Sheldon made one other purchase in the past year, buying $100,734 shares for a cost of $18.91 each.
B.
Riley Financial is trading down about 0.9% on the day Wednesday.
Bargain hunters are able to pick up RILY at a price even lower than Sheldon did, with shares changing hands as low as $47.01 at last check today which is 4.0% under Sheldon's purchase price.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
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..
