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.
At Norwood Financial, a filing with the SEC revealed that on Friday, Director Alexandra K.
Nolan purchased 50,000 shares of NWFL, for a cost of $25.17 each, for a total investment of $1.26M.
So far Nolan is in the green, up about 0.8% on their purchase based on today's trading high of $25.37.
Norwood Financial is trading off about 0.6% on the day Tuesday.
Before this latest buy, Nolan purchased NWFL on 4 other occasions during the past twelve months, for a total investment of $516,968 at an average of $25.84 per share.
And also on Friday, Director Kevin James Kooman purchased $121,968 worth of Limestone Bancorp, purchasing 7,392 shares at a cost of $16.50 each.
This purchase marks the first one filed by Kooman in the past twelve months.
Limestone Bancorp is trading up about 0.1% on the day Tuesday.
So far Kooman is in the green, up about 0.7% on their purchase based on today's trading high of $16.61.
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..