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 Charles Schwab, a filing with the SEC revealed that on Thursday, Director Charles A.
Ruffel purchased 3,636 shares of SCHW, for a cost of $54.08 each, for a total investment of $196,642.
So far Ruffel is in the green, up about 4.1% on their buy based on today's trading high of $56.29.
Charles Schwab is trading up about 1.5% on the day Friday.
Before this latest buy, Ruffel purchased SCHW at 2 other times during the past twelve months, for a total cost of $190,001 at an average of $35.75 per share.
And at FVCBankcorp, there was insider buying on Wednesday, by Director Meena Krishnan who bought 4,000 shares for a cost of $16.67 each, for a trade totaling $66,675.
FVCBankcorp is trading trading flat on the day Friday.
Krishnan was up about 4.7% on the buy at the high point of today's trading session, with FVCB trading as high as $17.45 at last check today.
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..
