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.
Monday 4/20 Insider Buying Report: BBCP, ECC
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 Thursday, Concrete Pumping Holdings' Director, David A.
B.
Brown, made a $37,198 purchase of BBCP, buying 18,415 shares at a cost of $2.02 a piece.
Concrete Pumping Holdings is trading up about 6.3% on the day Monday.
Before this latest buy, Brown made one other buy in the past twelve months, purchasing $138,414 shares at a cost of $4.99 a piece.
And at Eagle Point Credit Company, there was insider buying on Friday, by Chief Executive Officer Thomas P.
Majewski who purchased 5,000 shares for a cost of $6.55 each, for a total investment of $32,750.
Before this latest buy, Majewski made one other purchase in the past year, buying $14,430 shares for a cost of $14.43 a piece.
Eagle Point Credit Company is trading down about 1.8% on the day Monday.
Bargain hunters are able to snag ECC even cheaper than Majewski did, with the stock trading as low as $5.58 at last check today -- that's 14.8% below Majewski's purchase price.