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 Monday, Chimerix's Director, Fred A.
Middleton, made a $78,148 purchase of CMRX, buying 10,000 shares at a cost of $7.81 a piece.
So far Middleton is in the green, up about 10.4% on their purchase based on today's trading high of $8.62.
Chimerix is trading up about 5.1% on the day Thursday.
And also on Monday, Chief Financial Officer James Douglas Allen purchased $74,340 worth of Forestar Group, purchasing 3,600 shares at a cost of $20.65 a piece.
Forestar Group is trading up about 2% on the day Thursday.
So far Allen is in the green, up about 3.5% on their buy based on today's trading high of $21.38.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
