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, Mannatech Inc (NASDAQ:MTEX)'s Director, Larry A. Jobe, made a $18,788 purchase of MTEX, buying 4,500 shares at a cost of $4.18 each. So far Jobe is in the green, up about 7.1% on their purchase based on today's trading high of $4.47. Mannatech Inc is trading up about 1.1% on the day Thursday. In the past year, 1 other insider purchased MTEX, purchasing $11,636 shares for a cost of $0.47 a piece.
And also on Wednesday, Director Frank K. Reilly purchased $11,252 worth of Fort Dearborn Income Securities IN (NYSE:FDI), purchasing 700 shares at a cost of $16.07 each. Before this latest buy, Reilly bought FDI at 2 other times during the past twelve months, for a total investment of $23,750 at an
average of $14.84 per share. Fort Dearborn Income Securities is trading off about 0.1% on the day Thursday.
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.
Launch related slideshow:
Thursday 5/24 Insider Buying Report: ANF, POL
Thursday 5/24 Insider Buying Report: BBY, RGR
Wednesday 5/23 Insider Buying Report: JBLU, CINF
Daily Market Wrap: May 24, 2012
Tiffany Announces Earnings
Daily Market Wrap: May 23, 2012
Analyst Moves: GDOT, HGSI
Analyst Moves: ACI, ARO
Analyst Moves: SBUX, NDSN
Thursday Sector Leaders: Hospital & Medical Practitioners, Airlines
Thursday Sector Laggards: Computer Peripherals, Semiconductors
Wednesday Sector Leaders: Water Utilities, Apparel Stores
Thursday's ETF with Unusual Volume: HAP
Thursday's ETF Movers: LATM, KWT
EWA, BZQ: Big ETF Outflows
Daily Dividend Report: MNRO, MCD, CTL, MCK, HNZ, POR
Daily Dividend Report: KFT, MRK, C, WRB, DCI
Daily Dividend Report: RL, ESV, HRL, TAP, DSW
Unemployment Rate Falls to 8.1%
Manufacturing Data: April 2, 2012
Inflation, Gasoline Prices Rise
Weekly Market Wrap: May 18, 2012
Weekly Market Wrap: May 11, 2012
Weekly Market Wrap: May 4, 2012
Week Ahead Market Report: May 21, 2012
Week Ahead Market Report: May 14, 2012
Week Ahead Report: May 7, 2012
