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, A-Mark Precious Metals' Director, Kendall Saville, made a $281,706 purchase of AMRK, buying 4,857 shares at a cost of $58.00 a piece.
Investors have the opportunity to buy AMRK at a price even lower than Saville did, with shares changing hands as low as $56.73 at last check today -- that's 2.2% under Saville's purchase price.
A-Mark Precious Metals is trading down about 1.4% on the day Tuesday.
This buy marks the first one filed by Saville in the past twelve months.
And also on Friday, SVP General Counsel David Mitchell Benck purchased $148,676 worth of Hibbett, purchasing 2,000 shares at a cost of $74.34 each.
Before this latest buy, Benck made one other buy in the past twelve months, purchasing $175,540 shares for a cost of $87.77 each.
Hibbett is trading down about 0.4% on the day Tuesday.
So far Benck is in the green, up about 5.7% on their purchase based on today's trading high of $78.59.