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 Tuesday, EnPro Industries' Director, Thomas M.
Botts, made a $199,780 purchase of NPO, buying 2,137 shares at a cost of $93.49 a piece.
Bargain hunters can buy NPO at a price even lower than Botts did, with shares trading as low as $89.09 at last check today which is 4.7% below Botts's purchase price.
EnPro Industries is trading down about 0.9% on the day Wednesday.
This buy marks the first one filed by Botts in the past twelve months.
And on Wednesday, Chief Business Officer Corey Deutsch bought $199,470 worth of LifeMD, buying 22,539 shares at a cost of $8.85 each.
LifeMD is trading up about 14.9% on the day Wednesday.