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Wednesday 8/5 Insider Buying Report: EFSC, SSB

Video Credit: Market News Video
Published on August 5, 2020 - Duration: 00:54s

Wednesday 8/5 Insider Buying Report: EFSC, SSB

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

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Wednesday 8/5 Insider Buying Report: EFSC, SSB

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

On Monday, Enterprise Financial Services' Director, John S.

Eulich, made a $146,150 buy of EFSC, purchasing 5,000 shares at a cost of $29.23 each.

Enterprise Financial Services is trading up about 2.1% on the day Wednesday.

Before this latest buy, Eulich purchased EFSC at 3 other times during the past twelve months, for a total cost of $404,833 at an average of $36.80 per share.

And on Tuesday, CEO John C.

Corbett bought $120,000 worth of South State, buying 2,500 shares at a cost of $48.00 a piece.

South State is trading up about 3.1% on the day Wednesday.

Corbett was up about 7.1% on the purchase at the high point of today's trading session, with SSB trading as high as $51.38 in trading on Wednesday.

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