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.
At Paramount Gold & Silver (AMEX:PZG), a filing with the SEC revealed that on Friday, CEO Christopher Crupi bought 15,000 shares of PZG, at a cost of $2.31 each, for a total investment of $34,650. Paramount Gold & Silver Corp is trading up about 4% on the day Friday. Before this latest buy, Crupi purchased PZG at 2 other times during the past twelve months, for a total cost of $221,123 at an average of $2.21 per share.
And on Wednesday, Director John F. Donnelly bought $18,060 worth of Mercantile Bank (NASDAQ:MBWM), buying 1,200 shares at a cost of $15.05 a piece. This purchase marks the first one filed by Donnelly in the past twelve months. Mercantile Bank Corp. is trading trading flat 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.
ValueForum has meant the difference between mediocre
Launch related slideshow:
Wednesday 6/19 Insider Buying Report: MVC
Tuesday 6/18 Insider Buying Report: CTSH
Tuesday 6/18 Insider Buying Report: PAY, XLS
Subscription Revenue Climbs at Adobe
Earnings Slump at FedEx in Fiscal Q4
Daily Wrap: June 18, 2013
New Analyst Coverage: ING, KO, SPN
Analyst Moves: AIG, ADBE, BLL
Analyst Moves: BBRY, CLF, AEO
Wednesday Sector Leaders: Real Estate, Oil & Gas Refining & Marketing Stocks
Wednesday Sector Laggards: Waste Management, General Contractors & Builders
Tuesday Sector Leaders: Agriculture & Farm Products, Entertainment
FXI, FPA: Big ETF Outflows
XLE, IPD: Big ETF Inflows
Tuesday's ETF with Unusual Volume: IWX
Daily Dividend Report: FITB, IVR, AMTG, SUI, USB
Daily Dividend Report: SRE, LLY, AMAT, RL, PETM
Daily Dividend Report: CHK, SRC, KCAP, ROP, CPT
Jobless Claims Fall to New Five Year Low
US Employers Add 175k in May
Jobless Claims Fall By 11,000
Weekly Market Wrap: June 14, 2013
Weekly Market Wrap: June 7, 2013
Weekly Market Wrap: May 31, 2013
Week Ahead Market Report: June 17, 2013
Week Ahead Market Report: June 10, 2013
Week Ahead Market Report: June 3, 2013