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.
On Thursday, Delta Air Lines' Director, Jeanne P.
Jackson, made a $579,585 buy of DAL, purchasing 25,510 shares at a cost of $22.72 each.
Jackson was up about 4.8% on the purchase at the high point of today's trading session, with DAL trading as high as $23.80 at last check today.
Delta Air Lines is trading up about 4.3% on the day Tuesday.
And on Friday, Mayree C.
Clark purchased $213,750 worth of Ally Financial, purchasing 15,000 shares at a cost of $14.25 a piece.
Before this latest buy, Clark made one other buy in the past year, purchasing $148,550 shares at a cost of $29.71 each.
Ally Financial is trading up about 6.5% on the day Tuesday.
Clark was up about 15.6% on the buy at the high point of today's trading session, with ALLY trading as high as $16.48 in trading on Tuesday.