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 Wednesday, Lions Gate Entertainment's Director, Gordon Crawford, made a $1.57M purchase of LGF.
, buying 100,000 shares at a cost of $15.71 a piece.
So far Crawford is in the green, up about 6.2% on their buy based on today's trading high of $16.68.
Lions Gate Entertainment is trading up about 3.6% on the day Monday.
This purchase marks the first one filed by Crawford in the past twelve months.
And on Thursday, Chief Financial Officer Andrew Booth purchased $993,130 worth of AbCellera Biologics, purchasing 67,500 shares at a cost of $14.71 a piece.
AbCellera Biologics is trading up about 8.5% on the day Monday.
Booth was up about 14.0% on the buy at the high point of today's trading session, with ABCL trading as high as $16.77 at last check today.
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..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
