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 Monday, First Trust Dynamic Europe Equity Income Fund's Director, James A.
Bowen, made a $479,674 purchase of FDEU, buying 35,280 shares at a cost of $13.60 a piece.
First Trust Dynamic Europe Equity Income Fund is trading up about 0.4% on the day Wednesday.
Before this latest buy, Bowen purchased FDEU on 2 other occasions during the past year, for a total cost of $630,817 at an average of $12.31 per share.
And at Cano Health, there was insider buying on Friday, by CEO and President Marlow Hernandez who bought 46,900 shares for a cost of $10.20 each, for a total investment of $478,358.
Before this latest buy, Hernandez made one other buy in the past twelve months, purchasing $2.08M shares for a cost of $9.90 a piece.
Cano Health is trading up about 3.3% on the day Wednesday.
So far Hernandez is in the green, up about 19.5% on their buy based on today's trading high of $12.19.