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 cash 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 cash to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
On Friday, Eli Lilly's Director, Jackson P.
Tai, made a $249,759 buy of LLY, purchasing 1,366 shares at a cost of $182.84 a piece.
So far Tai is in the green, up about 3.5% on their purchase based on today's trading high of $189.25.
Eli Lilly is trading up about 1.8% on the day Tuesday.
And at Colony Bankcorp, there was insider buying on Thursday, by Director Meagan M.
Mowry who bought 3,166 shares at a cost of $15.71 each, for a trade totaling $49,738.
Before this latest buy, Mowry made one other purchase in the past year, buying $35,955 shares for a cost of $11.08 each.
Colony Bankcorp, is trading down about 0.9% on the day Tuesday.
So far Mowry is in the green, up about 4.6% on their purchase based on today's trading high of $16.43.
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..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
