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 Monday, Volt Information Sciences' Director, William J.
Grubbs, made a $30,000 purchase of VOLT, buying 20,000 shares at a cost of $1.50 each.
Bargain hunters are able to pick up VOLT even cheaper than Grubbs did, with the stock trading as low as $1.25 in trading on Wednesday -- that's 16.7% under Grubbs's purchase price.
Volt Information Sciences is trading off about 8.7% on the day Wednesday.
Before this latest buy, Grubbs purchased VOLT at 5 other times during the past year, for a total investment of $76,401 at an average of $1.91 per share.
And on Tuesday, Chief Financial Officer Bryan Giraudo purchased $25,922 worth of Gossamer Bio, purchasing 2,000 shares at a cost of $12.96 a piece.
Before this latest buy, Giraudo made one other buy in the past twelve months, purchasing $18,810 shares at a cost of $16.78 each.
Gossamer Bio is trading off about 2.2% on the day Wednesday.