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.
On Wednesday, Opendoor Technologies' Director, Pueo Keffer, made a $998,480 purchase of OPEN, buying 67,700 shares at a cost of $14.75 a piece.
Keffer was up about 5.4% on the purchase at the high point of today's trading session, with OPEN trading as high as $15.55 in trading on Monday.
Opendoor Technologies is trading off about 0.3% on the day Monday.
This buy marks the first one filed by Keffer in the past twelve months.
And at AT&T, there was insider buying on Wednesday, by CEO & President John T.
Stankey who purchased 34,614 shares at a cost of $28.81 each, for a total investment of $997,227.
AT&T is trading off about 0.4% on the day Monday.
Stankey was up about 4.7% on the buy at the high point of today's trading session, with T trading as high as $30.16 in trading on Monday.
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..
