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 make money.
So let's look at two noteworthy recent insider buys.
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 make money.
So let's look at two noteworthy recent insider buys.
On Friday, Advanced Energy Industries (AEIS)'s CEO, Stephen Douglas Kelley, made a $502,222 purchase of AEIS, buying 5,850 shares at a cost of $85.85 each.
Advanced Energy Industries is trading up about 2.8% on the day Wednesday.
Before this latest buy, Kelley made one other purchase in the past year, buying $497,250 shares at a cost of $85.00 a piece.
And on Tuesday, CEO B.
Riley Securities, Inc.
Andrew Moore bought $318,500 worth of B.
Riley Financial (RILY), buying 5,000 shares at a cost of $63.70 each.
Before this latest buy, Moore made one other purchase in the past twelve months, buying $338,424 shares for a cost of $67.68 each.
B.
Riley Financial is trading up about 1.3% on the day Wednesday.
Moore was up about 2.7% on the purchase at the high point of today's trading session, with RILY trading as high as $65.41 in trading on Wednesday.
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..
