Tuesday 5/25 Insider Buying Report: FET, BHLB Tuesday, May 25, 1:36 PM ET
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.
On Friday, Forum Energy Technologies's Director, John A. Carrig, made a $1.11M purchase of FET, buying 50,000 shares at a cost of $22.28 a piece. Carrig was up about 6.6% on the buy at the high point of today's trading session, with FET trading as high as $23.74 in trading on Tuesday. Forum Energy Technologies is trading up about 2.1% on the day Tuesday. This buy marks the first one filed by Carrig in the past twelve months.
And at Berkshire Hills Bancorp, there was insider buying on Friday, by CEO Nitin J. Mhatre who bought 11,000 shares for a cost of $27.46 each, for a trade totaling $302,042. Before this latest buy, Mhatre purchased BHLB at 2 other times during the past twelve months, for a total investment of $294,240 at an average of $24.52 per share. Berkshire Hills Bancorp is trading off about 0.4% on the day Tuesday. Bargain hunters can snag BHLB even cheaper than Mhatre did, with the stock changing hands as low as $26.78 in trading on Tuesday which is 2.5% under Mhatre's purchase price.
Orchestra BioMed Holdings is Now Oversold (OBIO) Friday, April 26, 4:33 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Noah Holdings (NOAH) Shares Cross Above 200 DMA Friday, April 26, 4:10 PM ET, by Market News Video Staff In trading on Friday, shares of Noah Holdings Ltd (NOAH) crossed above their 200 day ...
Shares of SHM Now Oversold Friday, April 26, 4:10 PM ET, by Market News Video Staff In trading on Friday, shares of the SPDR Nuveen Bloomberg Short Term Municipal Bond ETF ...
PAG Crosses Above Key Moving Average Level Friday, April 26, 4:09 PM ET, by Market News Video Staff In trading on Friday, shares of Penske Automotive Group Inc (PAG) crossed above their 200 ...
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.