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 Douglas Emmett, a filing with the SEC revealed that on Tuesday, Director Christopher H.
Anderson bought 42,800 shares of DEI, at a cost of $30.33 each, for a total investment of $1.3M.
So far Anderson is in the green, up about 7.6% on their buy based on today's trading high of $32.62.
Douglas Emmett is trading off about 2.4% on the day Thursday.
This purchase marks the first one filed by Anderson in the past twelve months.
And on Monday, Director Edward H.
Kennedy bought $95,703 worth of Extreme Networks, buying 27,900 shares at a cost of $3.43 a piece.
This purchase marks the first one filed by Kennedy in the past twelve months.
Extreme Networks is trading up about 1.5% on the day Thursday.
Kennedy was up about 29.4% on the buy at the high point of today's trading session, with EXTR trading as high as $4.44 at last check today.