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 America's Car-Mart, a filing with the SEC revealed that on Thursday, Director Joshua G.
Welch purchased 2,539 shares of CRMT, for a cost of $124.75 each, for a total investment of $316,740.
Welch was up about 3.4% on the buy at the high point of today's trading session, with CRMT trading as high as $128.99 in trading on Monday.
America's Car-Mart is trading up about 1.5% on the day Monday.
And on Friday, Director Douglas J.
Hughes purchased $150,355 worth of Immunovant, purchasing 18,247 shares at a cost of $8.24 each.
This buy marks the first one filed by Hughes in the past twelve months.
Immunovant is trading up about 1.4% on the day Monday.
So far Hughes is in the green, up about 8.1% on their buy based on today's trading high of $8.91.
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..
