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 one noteworthy recent insider buy.
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 one noteworthy recent insider buy.
At Intel, a filing with the SEC revealed that on Wednesday, CEO Robert Holmes Swan bought 8,021 shares of INTC, for a cost of $44.96 each, for a total investment of $360,624.
Bargain hunters are able to grab INTC even cheaper than Swan did, with the stock changing hands as low as $43.78 at last check today -- that's 2.6% under Swan's purchase price.
Intel Corp is trading down about 0.3% on the day Friday.
Before this latest buy, Swan made one other purchase in the past year, buying $401,050 shares at a cost of $50.00 a piece.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
