As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Thursday, Compass Diversified Holdings', Alan B. Offenberg, made a $1.01M buy of CODI, purchasing 60,000 shares at a cost of $16.84 a piece. Offenberg was up about 1.2% on the buy at the high point of today's trading session, with CODI trading as high as $17.04 at last check today. Compass Diversified Holdings is trading trading flat on the day Friday. This purchase marks the first one filed by Offenberg in the past twelve months.
And at Teleflex, there was insider buying on Wednesday, by Director Gretchen R. Haggerty who bought 1,000 shares for a cost of $203.82 each, for a total investment of $203,818. Teleflex is trading up about 1.4% on the day Friday. So far Haggerty is in the green, up about 2.6% on their purchase based on today's trading high of $209.16.
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.