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 HD Supply Holdings, a filing with the SEC revealed that on Friday, Lauren Taylor Wolfe bought 267,584 shares of HDS, for a cost of $26.23 each, for a total investment of $7.02M.
Wolfe was up about 19.9% on the buy at the high point of today's trading session, with HDS trading as high as $31.44 in trading on Tuesday.
HD Supply Holdings Inc is trading up about 6.3% on the day Tuesday.
Before this latest buy, Wolfe purchased HDS on 2 other occasions during the past twelve months, for a total investment of $31.75M at an average of $34.73 per share.
And at Resources Connection, there was insider buying on Friday, by CEO Kate W.
Duchene who bought 10,000 shares for a cost of $10.04 each, for a total investment of $100,400.
This purchase marks the first one filed by Duchene in the past twelve months.
Resources Connection is trading up about 9.3% on the day Tuesday.
Duchene was up about 10.4% on the purchase at the high point of today's trading session, with RGP trading as high as $11.08 at last check today.
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..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
