Skip to main content
U.K. Edition
Saturday, 18 September 2021

Wednesday 9/15 Insider Buying Report: BNED, PED

Duration: 00:57s 0 shares 1 views

Wednesday 9/15 Insider Buying Report: BNED, PED
Wednesday 9/15 Insider Buying Report: BNED, PED

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 Friday, Barnes & Noble Education's Director, Zachary Levenick, made a $253,700 purchase of BNED, buying 25,000 shares at a cost of $10.15 each.

Levenick was up about 4.8% on the purchase at the high point of today's trading session, with BNED trading as high as $10.64 at last check today.

Barnes & Noble Education is trading up about 1.6% on the day Wednesday.

Before this latest buy, Levenick bought BNED at 3 other times during the past year, for a total investment of $236,340 at an average of $4.82 per share.

And at PEDEVCO, there was insider buying on Friday, by Chief Executive Officer Simon G.

Kukes who bought 191,778 shares for a cost of $1.23 each, for a trade totaling $234,975.

This buy marks the first one filed by Kukes in the past twelve months.

PEDEVCO is trading up about 5.2% on the day Wednesday.

Kukes was up about 19.8% on the buy at the high point of today's trading session, with PED trading as high as $1.47 in trading on Wednesday.

Related news coverage

Advertisement

More coverage