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.
At Cornerstone Building Brands, a filing with the SEC revealed that on Thursday, Director George L.
Ball purchased 25,000 shares of CNR, at a cost of $14.65 each, for a total investment of $366,250.
So far Ball is in the green, up about 9.1% on their buy based on today's trading high of $15.98.
Cornerstone Building Brands is trading up about 6.5% on the day Monday.
And on Wednesday, Director Richard U.
De Schutter bought $250,123 worth of Bausch Health Companies, buying 10,000 shares at a cost of $25.01 a piece.
This purchase marks the first one filed by De Schutter in the past twelve months.
Bausch Health Companies is trading up about 1.4% on the day Monday.
So far De Schutter is in the green, up about 9.1% on their purchase based on today's trading high of $27.29.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
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..
