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 one noteworthy recent insider buy.
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 one noteworthy recent insider buy.
At Cloudera, a filing with the SEC revealed that on Monday, Director Peter H.
Fenton purchased 719,000 shares of CLDR, for a cost of $6.95 each, for a total investment of $5M.
Investors are able to snag CLDR at a price even lower than Fenton did, with shares changing hands as low as $5.40 at last check today which is 22.3% under Fenton's purchase price.
Cloudera is trading up about 14.8% on the day Thursday.