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 Wednesday, Shutterfly (NASDAQ:SFLY)'s Director, James White, made a $966,136 purchase of SFLY, buying 35,000 shares at a cost of $27.60 each. White was up about 6.3% on the purchase at the high point of today's trading session, with SFLY trading as high as $29.33 at last check today. In the past year, 1 other insider bought SFLY, purchasing $382,500 shares at a cost of $38.25 a piece.
And also on Wednesday, Director Steven Sharp bought $431,200 worth of TriQuint Semiconductor (TQNT), buying 100,000 shares at a cost of $4.31 each. This purchase marks the first one filed by Sharp in the past twelve months. In the past twelve months, 2 other insiders purchased TQNT, in 5 transactions, for a total cost of $179,656 at an average of $4.73 per share. TriQuint Semiconductor, Inc. is trading up about 6.3% on the day Friday.
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.