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 Tuesday, Steel Partners Holdings's Director, Eric P.
Karros, made a $198,850 purchase of SPLP, buying 21,695 shares at a cost of $9.17 each.
So far Karros is in the green, up about 27.4% on their purchase based on today's trading high of $11.68.
Steel Partners Holdings is trading up about 20.8% on the day Wednesday.
And at Nortech Systems, there was insider buying on Monday, by CFO Christopher Dean Jones who bought 14,636 shares at a cost of $6.23 each, for a total investment of $91,188.
Before this latest buy, Jones made one other purchase in the past year, buying $11,513 shares at a cost of $5.66 each.
Nortech Systems is trading up about 26.6% on the day Wednesday.
Jones was up about 32.1% on the purchase at the high point of today's trading session, with NSYS trading as high as $8.23 in trading on Wednesday.