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 Metacrine, a filing with the SEC revealed that on Friday, Director Kristina Burow purchased 230,000 shares of MTCR, at a cost of $13.00 each, for a total investment of $2.99M.
Investors are able to snag MTCR even cheaper than Burow did, with shares changing hands as low as $9.06 at last check today -- that's 30.3% below Burow's purchase price.
Metacrine is trading down about 2.7% on the day Tuesday.
This buy marks the first one filed by Burow in the past twelve months.
And on Thursday, CEO Jeffrey H.
Fisher bought $198,750 worth of Chatham Lodging Trust, buying 25,000 shares at a cost of $7.95 each.
Before this latest buy, Fisher purchased CLDT on 3 other occasions during the past year, for a total investment of $920,664 at an average of $7.83 per share.
Chatham Lodging Trust is trading off about 2.7% on the day Tuesday.
Bargain hunters can bag CLDT even cheaper than Fisher did, with shares trading as low as $6.83 at last check today which is 14.1% below Fisher's purchase price.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
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..
