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 Tuesday, Treace Medical Concepts' Chief Financial Officer, Mark Hair, made a $231,200 buy of TMCI, purchasing 13,600 shares at a cost of $17.00 a piece.
Hair was up about 79.8% on the buy at the high point of today's trading session, with TMCI trading as high as $30.56 in trading on Friday.
Treace Medical Concepts is trading off about 1.5% on the day Friday.
And at Synovus Financial, there was insider buying on Thursday, by Director John L.
Stallworth who bought 1,920 shares at a cost of $47.21 each, for a total investment of $90,643.
Synovus Financial is trading up about 1.4% on the day Friday.