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.
On Wednesday, Neenah's SVP, CFO & Treasurer, Paul F.
Desantis, made a $299,520 buy of NP, purchasing 6,000 shares at a cost of $49.92 each.
Neenah is trading up about 0.3% on the day Friday.
And at Trustmark there was insider buying on Tuesday, by Director Richard H.
Puckett who bought 5,000 shares at a cost of $22.70 each, for a total investment of $113,525.
Trustmark is trading off about 1.2% on the day Friday.