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.
At NetSol Technologies, a filing with the SEC revealed that on Friday, CEO Najeeb Ghauri bought 11,462 shares of NTWK, at a cost of $2.78 each, for a total investment of $31,864.
So far Ghauri is in the green, up about 12.2% on their buy based on today's trading high of $3.12.
NetSol Technologies is trading up about 3.9% on the day Tuesday.
Before this latest buy, Ghauri bought NTWK at 2 other times during the past twelve months, for a total investment of $64,885 at an average of $3.12 per share.
And on Monday, Co-Chief Executive Officer Mark L.
Portnoy purchased $14,996 worth of Cryo-cell, purchasing 1,881 shares at a cost of $7.97 a piece.
Before this latest buy, Portnoy made one other purchase in the past year, buying $1,502 shares for a cost of $7.51 each.
Cryo-cell is trading down about 8.6% on the day Tuesday.
Investors can buy CCEL even cheaper than Portnoy did, with shares changing hands as low as $7.60 at last check today -- that's 4.7% under Portnoy's purchase price.