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.
On Thursday, Allegiance Bancshares's Director, E.
Raimundo Riojas, made a $497,789 buy of ABTX, purchasing 19,959 shares at a cost of $24.94 each.
Allegiance Bancshares is trading up about 1.8% on the day Friday.
And on Tuesday, Director Ronald L.
Havner Jr. purchased $408,215 worth of Public Storage, purchasing 1,900 shares at a cost of $214.85 a piece.
Public Storage is trading up about 0.7% on the day Friday.
Havner Jr. was up about 2.5% on the purchase at the high point of today's trading session, with PSA trading as high as $220.13 at last check today.