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.
At Agree Realty, a filing with the SEC revealed that on Tuesday, Director John Rakolta Jr. bought 10,000 shares of ADC, at a cost of $63.50 each, for a total investment of $635,000.
Agree Realty is trading off about 0.4% on the day Wednesday.
Before this latest buy, Rakolta Jr. made one other purchase in the past year, buying $1.24M shares at a cost of $63.63 a piece.
And on Friday, Director Patricia S.
Bellinger purchased $199,893 worth of L Brands, purchasing 3,666 shares at a cost of $54.53 a piece.
L Brands, is trading down about 0.9% on the day Wednesday.
Bellinger was up about 3.1% on the buy at the high point of today's trading session, with LB trading as high as $56.20 in trading on Wednesday.
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..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
