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 one noteworthy recent insider buy.
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 one noteworthy recent insider buy.
At Synnex, a filing with the SEC revealed that on Wednesday, Director Matthew Miau bought 10,000 shares of SNX, at a cost of $71.47 each, for a total investment of $714,700.
Miau was up about 10.0% on the buy at the high point of today's trading session, with SNX trading as high as $78.62 at last check today.
Synnex is trading up about 2.9% on the day Monday.
Before this latest buy, Miau bought SNX at 2 other times during the past twelve months, for a total cost of $3.93M at an average of $74.17 per share.
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..
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..
