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 Sempra Energy, a filing with the SEC revealed that on Tuesday, Director Cynthia Lynn Walker purchased 1,000 shares of SRE, at a cost of $117.70 each, for a total investment of $117,700.
Walker was up about 3.3% on the purchase at the high point of today's trading session, with SRE trading as high as $121.55 at last check today.
Sempra Energy is trading up about 1.9% on the day Wednesday.
Before this latest buy, Walker made one other purchase in the past year, buying $250,920 shares at a cost of $125.46 each.
And also on Tuesday, Daniel Rubin bought $103,356 worth of Bridge Bancorp, buying 5,000 shares at a cost of $20.67 a piece.
Bridge Bancorp is trading up about 0.2% on the day Wednesday.
Bargain hunters are able to bag BDGE at a price even lower than Rubin did, with shares changing hands as low as $20.00 at last check today -- that's 3.2% under Rubin's purchase price.