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 Associated Banc-Corp, a filing with the SEC revealed that on Tuesday, Director John F.
Bergstrom purchased 29,500 shares of ASB, for a cost of $21.65 each, for a total investment of $638,663.
So far Bergstrom is in the green, up about 3.2% on their buy based on today's trading high of $22.34.
Associated Banc-Corp is trading up about 2% on the day Thursday.
And at Business First Bancshares, there was insider buying on Wednesday, by Director John P.
Ducrest who purchased 4,550 shares for a cost of $23.93 each, for a trade totaling $108,882.
Business First Bancshares is trading up about 2.5% on the day Thursday.