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 dollars 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 dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
At Hamilton Beach Brands Holding, a filing with the SEC revealed that on Wednesday, Frank F.
Taplin purchased 155,595 shares of HBB, at a cost of $13.80 each, for a total investment of $2.15M.
Taplin was up about 43.7% on the buy at the high point of today's trading session, with HBB trading as high as $19.83 in trading on Monday.
Hamilton Beach Brands Holding is trading up about 6.3% on the day Monday.
And on Thursday, Director Ronald L.
Nelson purchased $381,390 worth of HanesBrands, purchasing 30,000 shares at a cost of $12.71 a piece.
Before this latest buy, Nelson made one other buy in the past twelve months, purchasing $636,600 shares at a cost of $12.73 a piece.
HanesBrands is trading up about 1.5% on the day Monday.
So far Nelson is in the green, up about 5.0% on their buy based on today's trading high of $13.36.
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..
