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.
On Wednesday, Limoneira's Director, Jose De Jesus Loza, made a $225,200 buy of LMNR, purchasing 15,000 shares at a cost of $15.01 a piece.
Limoneira is trading down about 1.1% on the day Monday.
Before this latest buy, Loza purchased LMNR on 6 other occasions during the past twelve months, for a total cost of $1.20M at an average of $16.94 per share.
And at Enterprise Products Partners, there was insider buying on Wednesday, by Director John R.
Rutherford who bought 10,000 shares for a cost of $22.24 each, for a trade totaling $222,377.
Before this latest buy, Rutherford bought EPD on 3 other occasions during the past twelve months, for a total cost of $435,195 at an average of $21.76 per share.
Enterprise Products Partners is trading down about 3.3% on the day Monday.
Investors are able to grab EPD even cheaper than Rutherford did, with shares changing hands as low as $21.26 at last check today -- that's 4.4% below Rutherford's purchase price.