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, Norwood Financial's Director, Alexandra K.
Nolan, made a $133,850 buy of NWFL, purchasing 5,000 shares at a cost of $26.77 each.
Norwood Financial is trading up about 0.9% on the day Monday.
Before this latest buy, Nolan made one other purchase in the past twelve months, buying $218 shares at a cost of $24.18 a piece.
And also on Wednesday, CEO Stephen E.
Budorick bought $14,955 worth of Corporate Office Properties Trust, buying 586 shares at a cost of $25.52 each.
Before this latest buy, Budorick purchased OFC on 8 other occasions during the past twelve months, for a total investment of $141,476 at an average of $21.36 per share.
Corporate Office Properties Trust is trading up about 0.8% on the day Monday.
So far Budorick is in the green, up about 2.8% on their buy based on today's trading high of $26.24.