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 Tuesday, VICI Properties's Director, James R.
Abrahamson, made a $251,450 purchase of VICI, buying 10,000 shares at a cost of $25.14 a piece.
VICI Properties is trading off about 2% on the day Thursday.
Before this latest buy, Abrahamson purchased VICI on 3 other occasions during the past twelve months, for a total cost of $445,200 at an average of $17.81 per share.
And on Monday, Louis Vachon bought $105,837 worth of Molson Coors Beverage, buying 3,000 shares at a cost of $35.28 each.
This buy marks the first one filed by Vachon in the past year.
Molson Coors Beverage is trading up about 0.5% on the day Thursday.
Bargain hunters are able to bag TAP at a price even lower than Vachon did, with shares trading as low as $33.96 in trading on Thursday -- that's 3.7% below Vachon's purchase price.