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 Vishay Precision Group, a filing with the SEC revealed that on Thursday, Director Wes Cummins purchased 10,000 shares of VPG, at a cost of $34.16 each, for a total investment of $341,600.
So far Cummins is in the green, up about 5.3% on their buy based on today's trading high of $35.96.
Vishay Precision Group is trading up about 1.4% on the day Monday.
This buy marks the first one filed by Cummins in the past year.
And on Wednesday, Director Raul J.
Fernandez bought $99,994 worth of DXC Technology, buying 2,517 shares at a cost of $39.73 each.
Before this latest buy, Fernandez bought DXC at 2 other times during the past year, for a total investment of $349,488 at an average of $25.22 per share.
DXC Technology is trading up about 0.9% on the day Monday.
Fernandez was up about 2.5% on the purchase at the high point of today's trading session, with DXC trading as high as $40.72 at last check today.