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Bullish Two Hundred Day Moving Average Cross - LION
Monday, December 17, 11:40 AM ET, by Market News Video Staff

In trading on Monday, shares of Fidelity Southern Corporation (LION) crossed above their 200 day ...

Commit To Purchase Fidelity Southern Corporation At $25, Earn 56.5% Annualized Using Options
Tuesday, December 18, 11:18 AM ET, by Market News Video Staff

Investors considering a purchase of Fidelity Southern Corporation (LION) stock, but cautious about paying the ...

Reminder - Fidelity Southern Corporation Goes Ex-Dividend Soon
Wednesday, January 30, 10:20 AM ET, by Market News Video Staff

On 2/1/19, Fidelity Southern Corporation (LION) will trade ex-dividend, for its quarterly dividend of $0.12, ...

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Thursday, February 7, 9:47 AM ET, by Market News Video Staff

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Fidelity Southern is Now Oversold (LION)
Wednesday, March 20, 4:23 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Top Buys by Directors: Smith Jr.'s $683.7K Bet on LION

By Market News Video Staff, Tuesday, March 26, 11:02 AM ET
Play Video: One Reason For Insiders to Buy

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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $683.7K invested across 2 purchases by Rankin M. Smith Jr., Director at Fidelity Southern Corporation (NASDAQ:LION).

Smith Jr. bets big on LION:

Purchased Insider Title Shares Price/Share Value
12/24/2018 Rankin M. Smith Jr. Director 15,000 $25.25 $378,745.50
03/07/2019 Rankin M. Smith Jr. Director 10,000 $30.50 $305,000.00

Smith Jr.'s average cost works out to $27.35/share. In trading on Tuesday, bargain hunters could buy shares of Fidelity Southern Corporation (NASDAQ:LION) and achieve a cost basis lower than Smith Jr., with shares changing hands as low as $26.72 per share. Shares of Fidelity Southern Corporation were changing hands at $27.04 at last check, trading up about 1.8% on Tuesday. The chart below shows the one year performance of LION shares, versus its 200 day moving average:

Fidelity Southern Corporation Chart

Looking at the chart above, LION's low point in its 52 week range is $21.18 per share, with $33.32 as the 52 week high point that compares with a last trade of $27.04.

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Top Buys by Directors: Smith Jr.'s $683.7K Bet on LION | Market News Video | Copyright © 2008 - 2019, All Rights Reserved

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