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.
At Corporate Office Properties Trust, a filing with the SEC revealed that on Thursday, Director C.
Taylor Pickett purchased 10,000 shares of OFC, for a cost of $22.16 each, for a total investment of $221,601.
Corporate Office Properties Trust is trading up about 1.7% on the day Friday.
Before this latest buy, Pickett made one other buy in the past twelve months, purchasing $231,954 shares for a cost of $23.20 a piece.
And at Net 1 UEPS Technologies, there was insider buying on Wednesday, by Antony C.
Ball who purchased 49,444 shares at a cost of $3.13 each, for a total investment of $154,760.
This purchase marks the first one filed by Ball in the past year.
Net 1 UEPS Technologies Inc is trading up about 1.9% on the day Friday.