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 dollars 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 dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
On Thursday, Roper Technologies's Director, Richard F.
Wallman, made a $906,500 buy of ROP, purchasing 2,000 shares at a cost of $453.25 each.
Wallman was up about 1.8% on the purchase at the high point of today's trading session, with ROP trading as high as $461.58 in trading on Monday.
Roper Technologies is trading up about 0.1% on the day Monday.
And at REV Group, there was insider buying on Friday, by Chief Executive Officer Rodney M.
Rushing who purchased 19,292 shares for a cost of $15.87 each, for a trade totaling $306,164.
Before this latest buy, Rushing made one other buy in the past twelve months, purchasing $301,165 shares for a cost of $17.98 a piece.
REV Group is trading up about 4.5% on the day Monday.
So far Rushing is in the green, up about 5.5% on their purchase based on today's trading high of $16.74.