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 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 cash to make a purchase, is that they expect to make money.
Today we look at one noteworthy recent insider buy.
On Monday, Director W.
Andrew Adams bought $976,320 worth of National Health Investors, buying 27,000 shares at a cost of $36.16 a piece.
This purchase marks the first one filed by Adams in the past year.
National Health Investors is trading down about 3.6% on the day Friday.
Adams was up about 44.3% on the buy at the high point of today's trading session, with NHI trading as high as $52.18 at last check today.