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 Thursday, National Bankshares' Director, Charles E.
Green III, made a $70,440 buy of NKSH, purchasing 2,000 shares at a cost of $35.22 each.
Green III was up about 3.1% on the purchase at the high point of today's trading session, with NKSH trading as high as $36.30 in trading on Friday.
National Bankshares is trading up about 1.7% on the day Friday.
Before this latest buy, Green III made one other purchase in the past year, buying $54,805 shares at a cost of $27.40 a piece.
And also on Thursday, Director Zachary E.
Savas purchased $64,275 worth of Alta Equipment Group, purchasing 5,000 shares at a cost of $12.86 a piece.
Alta Equipment Group Inc is trading up about 2.4% on the day Friday.
Savas was up about 9.0% on the purchase at the high point of today's trading session, with ALTG trading as high as $14.01 in trading on Friday.