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.
On Wednesday, Acacia Research's CIO, Alfred Victor Tobia Jr., made a $377,170 buy of ACTG, purchasing 100,000 shares at a cost of $3.77 each.
Tobia Jr. was up about 13.2% on the purchase at the high point of today's trading session, with ACTG trading as high as $4.27 at last check today.
Acacia Research is trading up about 1.8% on the day Friday.
And also on Wednesday, President, CEO & Director Diane R.
Garrett purchased $241,458 worth of Hycroft Mining Holding, purchasing 34,000 shares at a cost of $7.10 a piece.
This purchase marks the first one filed by Garrett in the past twelve months.
Hycroft Mining Holding is trading up about 5.7% on the day Friday.
Garrett was up about 24.5% on the buy at the high point of today's trading session, with HYMC trading as high as $8.84 at last check today.