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, MultiPlan's Director, Michael Stuart Klein, made a $4.89M purchase of MPLN, buying 741,000 shares at a cost of $6.60 each.
Klein was up about 15.7% on the purchase at the high point of today's trading session, with MPLN trading as high as $7.63 in trading on Monday.
MultiPlan is trading up about 6.3% on the day Monday.
This purchase marks the first one filed by Klein in the past twelve months.
And on Wednesday, Diahn Taplin purchased $2.57M worth of NACCO Industries, purchasing 155,595 shares at a cost of $16.55 each.
This buy marks the first one filed by Taplin in the past twelve months.
NACCO Industries is trading up about 10.5% on the day Monday.
Taplin was up about 44.4% on the purchase at the high point of today's trading session, with NC trading as high as $23.89 at last check today.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
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..
