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, Church & Dwight's Director, James Craigie, made a $481,530 buy of CHD, purchasing 6,000 shares at a cost of $80.25 each.
Investors can snag CHD even cheaper than Craigie did, with shares trading as low as $79.32 in trading on Friday -- that's 1.2% below Craigie's purchase price.
Church & Dwight is trading up about 0.5% on the day Friday.
And on Tuesday, Director Cynthia Jane Comparin purchased $476,955 worth of Universal Display, purchasing 2,300 shares at a cost of $207.37 a piece.
Before this latest buy, Comparin made one other purchase in the past year, buying $199,025 shares for a cost of $149.87 a piece.
Universal Display is trading off about 0.5% on the day Friday.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to..
