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 Monday, BTRS Holdings' Chief Information Officer, Joe Eng, made a $506,225 purchase of BTRS, buying 47,938 shares at a cost of $10.56 each.
Eng was up about 4.1% on the purchase at the high point of today's trading session, with BTRS trading as high as $10.99 in trading on Wednesday.
BTRS Holdings Inc is trading up about 8.7% on the day Wednesday.
This buy marks the first one filed by Eng in the past year.
And on Tuesday, CEO Jay C.
Horgen purchased $316,020 worth of Affiliated Managers Group, purchasing 2,000 shares at a cost of $158.01 a piece.
Before this latest buy, Horgen made one other buy in the past twelve months, purchasing $544,920 shares for a cost of $136.23 a piece.
Affiliated Managers Group is trading up about 0.8% on the day Wednesday.