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 Friday, Sprinklr's Chief Executive Officer, Ragy Thomas, made a $500,000 purchase of CXM, buying 31,250 shares at a cost of $16.00 each.
So far Thomas is in the green, up about 42.1% on their buy based on today's trading high of $22.74.
Sprinklr is trading off about 3.8% on the day Wednesday.
And at Trevena, there was insider buying on Monday, by CEO Carrie L.
Bourdow who purchased 56,200 shares for a cost of $1.79 each, for a trade totaling $100,542.
This purchase marks the first one filed by Bourdow in the past twelve months.
Trevena is trading down about 3.1% on the day Wednesday.
Investors are able to bag TRVN even cheaper than Bourdow did, with the stock trading as low as $1.70 in trading on Wednesday -- that's 5.0% under Bourdow's purchase price.