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 Tenneco, a filing with the SEC revealed that on Wednesday, Director Dennis J.
Letham purchased 32,300 shares of TEN, at a cost of $13.96 each, for a total investment of $450,908.
Tenneco Inc is trading up about 6.2% on the day Monday.
And on Friday, CEO B.
Riley Securities, Andrew Moore purchased $301,000 worth of B.
Riley Financial, purchasing 5,000 shares at a cost of $60.20 each.
Before this latest buy, Moore purchased RILY on 2 other occasions during the past twelve months, for a total investment of $656,924 at an average of $65.69 per share.
B.
Riley Financial is trading off about 1.2% 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..
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..
