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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 1, RadiSys Corp.'s Director, C. Scott Gibson, invested $109,707.72 into 20,204 shares of RSYS, for a cost per share of $5.43. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Monday, bargain hunters could buy shares of RadiSys Corp. (NASDAQ:RSYS) and achieve a cost basis 23.9% cheaper than Gibson, with shares changing hands as low as $4.13 per share. RadiSys Corp. shares are currently trading up about 5% on the day. The chart below shows the one year performance of RSYS shares, versus its 200 day moving average:
Looking at the chart above, RSYS's low point in its 52 week range is $4.02 per share, with $9.50 as the 52 week high point — that compares with a last trade of $4.22. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
Purchased
Insider
Title
Shares
Price/Share
Value
06/06/2011
Anthony Ambrose
VP and GM, CNBU
4,000
$8.08
$32,333.74
06/07/2011
Anthony Ambrose
VP and GM, CNBU
400
$8.05
$3,220.00
11/01/2011
C. Scott Gibson
Director
20,204
$5.43
$109,707.72
RSYS operates in the Computer Peripherals sector, among companies like Nam Tai Electronics, Inc. (NYSE:NTE) which is up about 1.2% today, and Extreme Networks, Inc. (NASDAQ:EXTR) trading up by about 6.5%. Below is a three month price history chart comparing the stock performance of RSYS, versus NTE and EXTR.
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