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 Friday, Global Water Resources' Director, Andrew M.
Cohn, made a $177,907 buy of GWRS, purchasing 10,848 shares at a cost of $16.40 a piece.
So far Cohn is in the green, up about 3.3% on their buy based on today's trading high of $16.94.
Global Water Resources is trading up about 1.7% on the day Monday.
Before this latest buy, Cohn purchased GWRS on 3 other occasions during the past year, for a total investment of $106,370 at an average of $16.16 per share.
And on Monday, SVP Operations Benjamin Ashley Knighten bought $101,250 worth of Hibbett, buying 1,250 shares at a cost of $81.00 a piece.
This buy marks the first one filed by Knighten in the past year.
Hibbett is trading up about 1.4% on the day Monday.