Cash Dividend On The Way From Cato Wednesday, June 7, 9:58 AM ET, by Market News Video Staff On 6/9/23, Cato Corp. (CATO) will trade ex-dividend, for its quarterly dividend of $0.17, payable ...
Oversold Conditions For Cato Wednesday, August 23, 11:40 AM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Cash Dividend On The Way From Cato Wednesday, September 6, 9:59 AM ET, by Market News Video Staff On 9/8/23, Cato Corp. (CATO) will trade ex-dividend, for its quarterly dividend of $0.17, payable ...
Cato About To Put More Money In Your Pocket Wednesday, December 13, 10:19 AM ET, by Market News Video Staff On 12/15/23, Cato Corp. (CATO) will trade ex-dividend, for its quarterly dividend of $0.17, payable ...
Ex-Div Reminder for Cato Thursday, March 21, 10:19 AM ET, by Market News Video Staff On 3/25/24, Cato Corp. (CATO) will trade ex-dividend, for its quarterly dividend of $0.17, payable ...
Land This Bargain Even Cheaper Than Director Patrick Did
By Market News Video Staff, Monday, November 29, 11:33 AM ET
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 22, Cato Corp.'s Director, Bailey W. Patrick, invested $49,830.30 into 3,000 shares of CATO, for a cost per share of $16.61. 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 Cato Corp. (NYSE:CATO) and achieve a cost basis 1.7% cheaper than Patrick, with shares changing hands as low as $16.33 per share. Cato Corp. shares are currently trading off about 1.4% on the day. The chart below shows the one year performance of CATO shares, versus its 200 day moving average:
Looking at the chart above, CATO's low point in its 52 week range is $7.99 per share, with $19.89 as the 52 week high point — that compares with a last trade of $16.41. By comparison, below is a table showing the prices at which CATO insider buying was recorded over the last six months:
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