Monday 3/5 Insider Buying Report: ZION, TRSMonday, March 5, 6:03 PM ET
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 cash to make a
purchase, is that they expect to make money. Today we look at two
noteworthy recent insider buys.
On Wednesday, Zions Bancorporation (NASDAQ:ZION )'s Exec Vice President, George
Feiger, made a $154,000 buy of ZION, purchasing 8,000 shares at a cost of
$19.25 each. Investors can buy ZION at a price even lower than Feiger did,
with the stock trading as low as $18.40 in trading on Monday which is 4.4%
under Feiger's purchase price. Zions Bancorporation is trading off about
2.3% on the day Monday.
And also on Wednesday, President - Packaging Systems Lynn A. Brooks bought
$148,320 worth of TriMas Corp (NASDAQ:TRS ), buying 6,000 shares at a cost of
$24.72 each. This buy marks the first one filed by Brooks in the past
twelve months. TriMas Corp is trading off about 0.5% on the day Monday.
Bargain hunters are able to snag TRS at a price even lower than Brooks did,
with the stock trading as low as $22.69 in trading on Monday -- that's 8.2%
under Brooks's purchase price.
For MarketNewsVideo.com, I'm Kristin Bianco.
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