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 two noteworthy recent insider buys.
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 two noteworthy recent insider buys.
At Intel, a filing with the SEC revealed that on Monday, CEO Robert Holmes Swan purchased 27,244 shares of INTC, at a cost of $55.57 each, for a total investment of $1.51M.
Intel Corp is trading up about 5.8% on the day Thursday.
Before this latest buy, Swan bought INTC at 2 other times during the past twelve months, for a total cost of $761,674 at an average of $47.48 per share.
And also on Monday, COO Doug Moran bought $780,000 worth of Dream Finders Homes, buying 60,000 shares at a cost of $13.00 each.
Dream Finders Homes is trading up about 2% on the day Thursday.
So far Moran is in the green, up about 76.8% on their buy based on today's trading high of $22.99.
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..
