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.
On Tuesday, Ault Global Holdings' Executive Chairman, Milton C.
Ault III, made a $5.02M buy of DPW, purchasing 2,610,000 shares at a cost of $1.92 each.
Ault Global Holdings is trading up about 3.7% on the day Wednesday.
Before this latest buy, Ault III bought DPW on 16 other occasions during the past twelve months, for a total cost of $7.06M at an average of $2.53 per share.
And at Wayfair, there was insider buying on Monday, by Director Michael W.
Choe who bought 10,000 shares for a cost of $258.98 each, for a trade totaling $2.59M.
This buy marks the first one filed by Choe in the past twelve months.
Wayfair is trading up about 8.1% on the day Wednesday.
Choe was up about 9.7% on the buy at the high point of today's trading session, with W trading as high as $284.14 at last check today.
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..
