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 make money.
So let's look at two noteworthy recent insider buys.
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 make money.
So let's look at two noteworthy recent insider buys.
At Cerner, a filing with the SEC revealed that on Wednesday, CFO Mark J.
Erceg purchased 10,547 shares of CERN, at a cost of $71.13 each, for a total investment of $750,241.
So far Erceg is in the green, up about 2.2% on their purchase based on today's trading high of $72.67.
Cerner is trading up about 1.4% on the day Monday.
Before this latest buy, Erceg purchased CERN at 2 other times during the past year, for a total cost of $1.50M at an average of $70.04 per share.
And at PIMCO Energy and Tactical Credit Opportunities Fund, there was insider buying on Wednesday, by Daniel J.
Ivascyn who bought 51,570 shares for a cost of $10.65 each, for a total investment of $549,009.
Before this latest buy, Ivascyn bought NRGX at 2 other times during the past twelve months, for a total investment of $1.99M at an average of $7.50 per share.
PIMCO Energy and Tactical Credit Opportunities Fund is trading up about 0.8% on the day Monday.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
