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 make money.
So let's look at two noteworthy recent insider buys.
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 make money.
So let's look at two noteworthy recent insider buys.
At Siebert Financial, a filing with the SEC revealed that on Thursday, Gloria E.
Gebbia bought 2,181,621 shares of SIEB, at a cost of $5.60 each, for a total investment of $12.22M.
Gebbia was up about 15.7% on the buy at the high point of today's trading session, with SIEB trading as high as $6.48 at last check today.
Siebert Financial is trading up about 2.7% on the day Tuesday.
This purchase marks the first one filed by Gebbia in the past year.
And on Friday, Director Stephen J.
Luczo bought $734,871 worth of Morgan Stanley, buying 19,000 shares at a cost of $38.68 a piece.
Before this latest buy, Luczo made one other purchase in the past year, buying $2.65M shares for a cost of $53.00 each.
Morgan Stanley is trading off about 1.3% on the day Tuesday.
Investors can bag MS at a price even lower than Luczo did, with the stock trading as low as $37.18 at last check today which is 3.9% below Luczo's purchase price.
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..
