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 Enviva Partners, a filing with the SEC revealed that on Tuesday, Director John C.
Bumgarner Jr. bought 32,967 shares of EVA, for a cost of $45.50 each, for a total investment of $1.5M.
Bumgarner Jr. was up about 9.0% on the buy at the high point of today's trading session, with EVA trading as high as $49.60 at last check today.
Enviva Partners is trading up about 1.6% on the day Wednesday.
Before this latest buy, Bumgarner Jr. made one other purchase in the past year, buying $48,429 shares for a cost of $48.43 a piece.
And at Western Alliance Bancorporation, there was insider buying on Friday, by Director Bryan K.
Segedi who bought 1,000 shares at a cost of $100.65 each, for a trade totaling $100,650.
Western Alliance Bancorporation is trading down about 1.9% on the day Wednesday.