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 cash 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 cash to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
On Tuesday, UWM Holdings' Director, Robert Verdun, made a $456,250 purchase of UWMC, buying 50,000 shares at a cost of $9.12 a piece.
Verdun was up about 18.4% on the purchase at the high point of today's trading session, with UWMC trading as high as $10.80 at last check today.
UWM Holdings is trading up about 3.2% on the day Thursday.
Before this latest buy, Verdun made one other buy in the past twelve months, purchasing $478,020 shares at a cost of $7.97 a piece.
And also on Tuesday, Director Robert B.
Mills bought $202,258 worth of Williams Industrial Services Group, buying 35,000 shares at a cost of $5.78 a piece.
This purchase marks the first one filed by Mills in the past year.
Williams Industrial Services Group is trading up about 7.2% on the day Thursday.
Mills was up about 5.6% on the purchase at the high point of today's trading session, with WLMS trading as high as $6.10 in trading on Thursday.