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 Wednesday, Black Knight's Chief Executive Officer, Anthony M.
Jabbour, made a $997,603 purchase of BKI, buying 13,900 shares at a cost of $71.77 a piece.
So far Jabbour is in the green, up about 1.8% on their buy based on today's trading high of $73.06.
Black Knight Inc is trading off about 1.2% on the day Monday.
And on Friday, COO John P.
Watters purchased $468,628 worth of FireEye, purchasing 25,000 shares at a cost of $18.75 a piece.
FireEye is trading up about 2.1% on the day Monday.
So far Watters is in the green, up about 3.3% on their buy based on today's trading high of $19.36.