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 B.
Riley Financial, a filing with the SEC revealed that on Thursday, CEO B.
Riley Securities, Inc.
Andrew Moore purchased 5,000 shares of RILY, for a cost of $67.68 each, for a total investment of $338,424.
Moore was up about 13.5% on the purchase at the high point of today's trading session, with RILY trading as high as $76.83 in trading on Monday.
B.
Riley Financial is trading up about 1.8% on the day Monday.
And also on Thursday, Director Julie Dill bought $283,812 worth of Rayonier Advanced Materials, buying 40,000 shares at a cost of $7.10 a piece.
This buy marks the first one filed by Dill in the past year.
Rayonier Advanced Materials is trading up about 10% on the day Monday.
Dill was up about 23.2% on the purchase at the high point of today's trading session, with RYAM trading as high as $8.74 at last check today.
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..
