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 Bridgewater Bancshares, a filing with the SEC revealed that on Monday, Director David B.
Juran bought 48,151 shares of BWB, at a cost of $9.53 each, for a total investment of $458,791.
Juran was up about 3.8% on the purchase at the high point of today's trading session, with BWB trading as high as $9.89 at last check today.
Bridgewater Bancshares is trading up about 0.2% on the day Tuesday.
Before this latest buy, Juran made one other buy in the past twelve months, purchasing $515,199 shares for a cost of $9.46 each.
And at Spok Holdings, there was insider buying on Thursday, by Director Todd J.
Stein who purchased 18,874 shares at a cost of $10.69 each, for a total investment of $201,815.
Before this latest buy, Stein purchased SPOK at 4 other times during the past year, for a total investment of $318,000 at an average of $10.58 per share.
Spok Holdings is trading off about 1.5% on the day Tuesday.
So far Stein is in the green, up about 3.7% on their buy based on today's trading high of $11.09.