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 one noteworthy recent insider buy.
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 one noteworthy recent insider buy.
On Wednesday, President/CEO Dennis J.
Zember Jr. purchased $1.16M worth of Southern National Bancorp Of Virginia, purchasing 100,000 shares at a cost of $11.57 a piece.
Before this latest buy, Zember Jr. bought SONA at 3 other times during the past year, for a total cost of $369,465 at an average of $12.32 per share.
Southern National Bancorp Of Virginia is trading up about 4.2% on the day Thursday.
So far Zember Jr. is in the green, up about 8.0% on their purchase based on today's trading high of $12.50.
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..
