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 Fastenal, a filing with the SEC revealed that on Friday, Director Michael John Dolan purchased 2,500 shares of FAST, for a cost of $47.31 each, for a total investment of $118,275.
Fastenal is trading up about 0.8% on the day Wednesday.
And at Prudential Financial, there was insider buying on Tuesday, by Director Wendy Elizabeth Jones who bought 1,000 shares for a cost of $80.98 each, for a total investment of $80,980.
This purchase marks the first one filed by Jones in the past year.
Prudential Financial is trading up about 1% on the day Wednesday.
Jones was up about 1.7% on the purchase at the high point of today's trading session, with PRU trading as high as $82.36 in trading on Wednesday.
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..
