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, Harbor Custom Development's Director, Larry G.
Swets Jr., made a $105,000 purchase of HCDI, buying 35,000 shares at a cost of $3.00 a piece.
Swets Jr. was up about 10.0% on the buy at the high point of today's trading session, with HCDI trading as high as $3.30 at last check today.
Harbor Custom Development is trading up about 5.1% on the day Wednesday.
Before this latest buy, Swets Jr. made one other purchase in the past twelve months, buying $99,996 shares at a cost of $6.00 a piece.
And also on Friday, Director Robert J.
Henkel purchased $27,110 worth of Owens & Minor, purchasing 1,000 shares at a cost of $27.11 each.
Before this latest buy, Henkel bought OMI on 2 other occasions during the past twelve months, for a total investment of $202,500 at an average of $10.12 per share.
Owens & Minor, is trading trading flat on the day Wednesday.
So far Henkel is in the green, up about 3.3% on their purchase based on today's trading high of $28.01.