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Friday, 29 March 2024

Friday 6/18 Insider Buying Report: QSR, FGBI

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Friday 6/18 Insider Buying Report: QSR, FGBI
Friday 6/18 Insider Buying Report: QSR, FGBI

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 Restaurant Brands International, a filing with the SEC revealed that on Monday, Director John F.

Prato bought 3,000 shares of QSR, for a cost of $67.91 each, for a total investment of $203,730.

Investors have the opportunity to bag QSR at a price even lower than Prato did, with shares trading as low as $66.75 in trading on Friday -- that's 1.7% below Prato's purchase price.

Restaurant Brands International is trading down about 1.6% on the day Friday.

And at First Guaranty Bancshares, there was insider buying on Monday, by Director William K.

Hood who bought 9,502 shares at a cost of $19.35 each, for a total investment of $183,864.

Before this latest buy, Hood bought FGBI at 3 other times during the past twelve months, for a total cost of $207,892 at an average of $18.58 per share.

First Guaranty Bancshares is trading off about 1.8% on the day Friday.

Bargain hunters are able to snag FGBI even cheaper than Hood did, with shares trading as low as $18.75 in trading on Friday which is 3.1% below Hood's purchase price.

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