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 Ralph Lauren Corp (RL), a filing with the SEC revealed that on Wednesday, Director Hubert Joly purchased 8,400 shares of RL, for a cost of $117.90 each, for a total investment of $990,360.
Investors have the opportunity to grab RL even cheaper than Joly did, with the stock changing hands as low as $114.94 in trading on Friday which is 2.5% below Joly's purchase price.
Ralph Lauren Corp is trading up about 0.1% on the day Friday.
This buy marks the first one filed by Joly in the past twelve months.
And on Tuesday, CEO and President Michael Mazzei purchased $942,350 worth of BrightSpire Capital (BRSP), purchasing 100,000 shares at a cost of $9.42 each.
This buy marks the first one filed by Mazzei in the past year.
BrightSpire Capital is trading off about 1.1% on the day Friday.
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..
