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 dollars 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 dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
At Texas Capital Bancshares, a filing with the SEC revealed that on Friday, Director Larry L.
Helm purchased 5,000 shares of TCBI, for a cost of $60.52 each, for a total investment of $302,600.
Texas Capital Bancshares is trading up about 2.1% on the day Tuesday.
This buy marks the first one filed by Helm in the past twelve months.
And at Rocky Mountain Chocolate Factory, there was insider buying on Thursday, by Bradley Louis Radoff who bought 13,570 shares for a cost of $8.50 each, for a total investment of $115,345.
Before this latest buy, Radoff purchased RMCF on 7 other occasions during the past twelve months, for a total investment of $1.02M at an average of $7.84 per share.
Rocky Mountain Chocolate Factory is trading off about 0.6% on the day Tuesday.
Radoff was up about 2.6% on the buy at the high point of today's trading session, with RMCF trading as high as $8.72 at last check today.