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 Arlington Asset Investment Corp (AI), a filing with the SEC revealed that on Wednesday, CEO J.
Rock Tonkel Jr. bought 100,000 shares of AI, for a cost of $2.68 each, for a total investment of $267,860.
Tonkel Jr. was up about 6.4% on the buy at the high point of today's trading session, with AI trading as high as $2.85 at last check today.
Arlington Asset Investment Corp is trading up about 4.6% on the day Monday.
And at Hartford Financial Services Group (HIG), there was insider buying on Wednesday, by CEO Christopher Swift who purchased 6,975 shares for a cost of $35.98 each, for a total investment of $250,960.
Hartford Financial Services Group is trading up about 3.4% on the day Monday.
So far Swift is in the green, up about 2.8% on their buy based on today's trading high of $37.00.
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..
