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 Monday, Heartland Express' Director, James G.
Pratt, made a $188,120 purchase of HTLD, buying 10,000 shares at a cost of $18.81 each.
Heartland Express, is trading down about 0.8% on the day Wednesday.
And also on Monday, Richard H.
Fearon bought $88,170 worth of Crown Holdings, buying 1,000 shares at a cost of $88.17 each.
Crown Holdings is trading off about 2.9% on the day Wednesday.
Bargain hunters have the opportunity to bag CCK at a price even lower than Fearon did, with the stock changing hands as low as $84.90 at last check today -- that's 3.7% under Fearon's purchase price.