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, Guaranty Bancshares' Director, James S.
Bunch, made a $163,000 buy of GNTY, purchasing 5,000 shares at a cost of $32.60 each.
So far Bunch is in the green, up about 3.2% on their buy based on today's trading high of $33.65.
Guaranty Bancshares is trading up about 0.4% on the day Tuesday.
Before this latest buy, Bunch purchased GNTY on 12 other occasions during the past twelve months, for a total cost of $824,284 at an average of $27.48 per share.
And on Monday, Chief Executive Officer Jeffrey E.
Eberwein bought $30,817 worth of Hudson Global, buying 2,309 shares at a cost of $13.35 a piece.
Before this latest buy, Eberwein made one other purchase in the past twelve months, buying $15,109 shares at a cost of $11.36 a piece.
Hudson Global is trading up about 5% on the day Tuesday.