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 Monday, Guggenheim Strategic Opportunities (GOF)'s Director, Randall C. Barnes, made a $58,941 buy of GOF, purchasing 2,950 shares at a cost of $19.98 each. So far Barnes is in the green, up about 1.0% on their purchase based on today's trading high of $20.18. Guggenheim Strategic Opportuniti is trading up about 0.3% on the day Wednesday.
And at Avery Dennison Corp. (AVY), there was insider buying on Tuesday, by Charles H. Noski who purchased 2,000 shares for a cost of $28.78 each, for a total investment of $57,558. This buy marks the first one filed by Noski in the past twelve months. Avery Dennison Corp. is trading up about 0.6% on the day Wednesday. Noski was up about 4.1% on the buy at the high point of today's trading session, with AVY trading as high as $29.95 at last check today.
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.