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 Wednesday, Neuropace's Director, Frank M.
Fischer, made a $850,000 buy of NPCE, purchasing 50,000 shares at a cost of $17.00 each.
Fischer was up about 55.9% on the purchase at the high point of today's trading session, with NPCE trading as high as $26.50 in trading on Monday.
Neuropace is trading up about 3% on the day Monday.
And at Oil-Dri Corp.
Of America, there was insider buying on Wednesday, by Director Allan H.
Selig who purchased 1,000 shares at a cost of $35.16 each, for a trade totaling $35,160.
Before this latest buy, Selig purchased ODC on 3 other occasions during the past twelve months, for a total cost of $104,449 at an average of $34.82 per share.
Oil-Dri Corp.
Of America is trading up about 0.1% on the day Monday.
Bargain hunters have the opportunity to pick up ODC at a price even lower than Selig did, with shares changing hands as low as $34.51 in trading on Monday which is 1.8% below Selig's purchase price.
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..
