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 Navient, a filing with the SEC revealed that on Friday, Chief Executive Officer John F.
Remondi purchased 50,000 shares of NAVI, for a cost of $7.82 each, for a total investment of $390,930.
So far Remondi is in the green, up about 5.6% on their purchase based on today's trading high of $8.26.
Navient is trading up about 1.8% on the day Monday.
And also on Friday, Director Mark Robert Patterson bought $333,190 worth of HomeStreet, buying 13,000 shares at a cost of $25.63 each.
Before this latest buy, Patterson bought HMST at 3 other times during the past twelve months, for a total investment of $689,015 at an average of $22.97 per share.
HomeStreet is trading up about 1.6% on the day Monday.
So far Patterson is in the green, up about 5.2% on their purchase based on today's trading high of $26.95.