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.
On Wednesday, Kraft Heinz's Director, Elio Leoni Sceti, made a $2.99M buy of KHC, purchasing 90,000 shares at a cost of $33.22 a piece.
Sceti was up about 2.0% on the buy at the high point of today's trading session, with KHC trading as high as $33.88 at last check today.
Kraft Heinz is trading up about 1% on the day Friday.
And also on Wednesday, Senior Vice President Steven J.
Lykken bought $322,815 worth of Hormel Foods, buying 6,873 shares at a cost of $46.97 a piece.
This purchase marks the first one filed by Lykken in the past twelve months.
Hormel Foods is trading down about 0.1% on the day Friday.
So far Lykken is in the green, up about 1.0% on their purchase based on today's trading high of $47.44.