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.
On Friday, Summit Materials' CEO, Anne P.
Noonan, made a $1.01M purchase of SUM, buying 66,000 shares at a cost of $15.24 each.
Summit Materials is trading up about 1.5% on the day Wednesday.
This buy marks the first one filed by Noonan in the past twelve months.
And at Vistra, there was insider buying on Tuesday, by CEO Curtis A.
Morgan who purchased 41,176 shares at a cost of $18.18 each, for a total investment of $748,786.
This buy marks the first one filed by Morgan in the past twelve months.
Vistra is trading up about 3.3% on the day Wednesday.