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 Forian, a filing with the SEC revealed that on Friday, Martin J.
Wygod purchased 30,000 shares of FORA, for a cost of $9.99 each, for a total investment of $299,640.
Wygod was up about 6.6% on the purchase at the high point of today's trading session, with FORA trading as high as $10.64 in trading on Monday.
Forian is trading up about 4.7% on the day Monday.
And on Thursday, CEO & President Satish Malhotra purchased $251,125 worth of Container Store Group, purchasing 420,500 shares at a cost of $12.25 each.
Container Store Group, is trading off about 4% on the day Monday.
Malhotra was up about 10.2% on the purchase at the high point of today's trading session, with TCS trading as high as $13.50 in trading on Monday.