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.
At Aspen Group, a filing with the SEC revealed that on Monday, Director Douglas Kass bought 15,750 shares of ASPU, at a cost of $5.26 each, for a total investment of $82,805.
So far Kass is in the green, up about 6.3% on their purchase based on today's trading high of $5.59.
Aspen Group is trading off about 4.3% on the day Wednesday.
And at Toast, there was insider buying on Friday, by Director Deval L.
Patrick who purchased 1,667 shares for a cost of $40.00 each, for a trade totaling $66,680.
Toast is trading up about 1.1% on the day Wednesday.
Patrick was up about 32.1% on the purchase at the high point of today's trading session, with TOST trading as high as $52.86 at last check today.