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, Paramount Gold & Silver Corp (AMEX:PZG)'s CEO, Christopher Crupi, made a $109,605 purchase of PZG, buying 50,000 shares at a cost of $2.19 each. Paramount Gold & Silver Corp is trading up about 1.8% on the day Thursday. This purchase marks the first one filed by Crupi in the past twelve months.
And at AAR Corp (NYSE:AIR), there was insider buying on Wednesday, by Director Marc Jay Walfish who bought 2,500 shares at a cost of $18.58 each, for a total investment of $46,450. Before this latest buy, Walfish made one other purchase in the past twelve months, buying $50,875 shares for a cost of $20.35 each. AAR Corp is trading up about 1.2% on the day Thursday. Investors are able to snag AIR even cheaper than Walfish did, with the stock trading as low as $17.89 at last check today -- that's 3.7% under Walfish's purchase price.
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