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 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 cash to make a purchase, is that they expect to make money.
Today we look at two noteworthy recent insider buys.
At Universal Stainless & Alloy Products, a filing with the SEC revealed that on Monday, EVP, Chief Commercial Officer Christopher M.
Zimmer bought 45,823 shares of USAP, for a cost of $5.64 each, for a total investment of $258,442.
Universal Stainless & Alloy Products, is trading down about 0.9% on the day Tuesday.
Before this latest buy, Zimmer purchased USAP at 3 other times during the past twelve months, for a total cost of $168,910 at an average of $10.18 per share.
And at NVR, there was insider buying on Friday, by Director Alexandra A.
Jung who purchased 30 shares for a cost of $4211.37 each, for a trade totaling $126,341.
This buy marks the first one filed by Jung in the past twelve months.
NVR is trading up about 0.5% on the day Tuesday.
Bargain hunters can grab NVR at a price even lower than Jung did, with the stock changing hands as low as $4022.02 in trading on Tuesday which is 4.5% below Jung's purchase price.