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.
On Friday, Phillips 66 (PSX)'s Director, John E.
Lowe, made a $102,645 purchase of PSX, buying 1,500 shares at a cost of $68.43 each.
Phillips 66 is trading up about 2.3% on the day Tuesday.
Before this latest buy, Lowe purchased PSX at 2 other times during the past year, for a total cost of $448,320 at an average of $74.72 per share.
And at Ryman Hospitality Properties (RHP), there was insider buying on Friday, by CFO Mark Fioravanti who bought 3,000 shares at a cost of $31.90 each, for a total investment of $95,702.
Before this latest buy, Fioravanti made one other purchase in the past year, buying $231,237 shares at a cost of $15.42 a piece.
Ryman Hospitality Properties is trading up about 2.1% on the day Tuesday.
So far Fioravanti is in the green, up about 10.3% on their purchase based on today's trading high of $35.18.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
