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 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 dollars to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
At FRP Holdings, a filing with the SEC revealed that on Wednesday, Chief Financial Officer John D.
Baker III purchased 3,700 shares of FRPH, at a cost of $40.59 each, for a total investment of $150,170.
FRP Holdings is trading up about 0.5% on the day Friday.
And on Thursday, Director Lee C.
Bollinger bought $149,100 worth of Graham Holdings, buying 350 shares at a cost of $426.00 each.
Before this latest buy, Bollinger made one other buy in the past year, purchasing $348,205 shares for a cost of $435.26 each.
Graham Holdings is trading up about 2.7% on the day Friday.
So far Bollinger is in the green, up about 2.6% on their buy based on today's trading high of $437.25.