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 Tuesday, LifeMD (LFMD)'s , Happy David Walters, made a $299,655 purchase of LFMD, buying 41,697 shares at a cost of $7.19 each.
Walters was up about 12.6% on the purchase at the high point of today's trading session, with LFMD trading as high as $8.09 at last check today.
LifeMD is trading up about 4.6% on the day Thursday.
This buy marks the first one filed by Walters in the past year.
And on Wednesday, COO Marc Katz bought $256,725 worth of Tuesday Morning Corp (TUEM), buying 150,000 shares at a cost of $1.71 each.
Tuesday Morning Corp is trading up about 23.1% on the day Thursday.
So far Katz is in the green, up about 31.5% on their purchase based on today's trading high of $2.25.