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 make money.
So let's look at two noteworthy recent insider buys.
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 make money.
So let's look at two noteworthy recent insider buys.
At FreightCar America, a filing with the SEC revealed that on Friday, CEO James R.
Meyer purchased 27,500 shares of RAIL, for a cost of $2.13 each, for a total investment of $58,567.
Meyer was up about 34.8% on the buy at the high point of today's trading session, with RAIL trading as high as $2.87 in trading on Tuesday.
FreightCar America Inc is trading off about 1.8% on the day Tuesday.
This purchase marks the first one filed by Meyer in the past year.
And at Trustco Bank, there was insider buying on Friday, by EVP & CHIEF RISK OFFICER Robert M.
Leonard who bought 7,252 shares for a cost of $6.21 each, for a trade totaling $45,035.
Before this latest buy, Leonard bought TRST at 4 other times during the past year, for a total investment of $161,147 at an average of $5.55 per share.
Trustco Bank is trading up about 3% on the day Tuesday.
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..
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider..
