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 Willbros Group Inc (NYSE:WG), a filing with the SEC revealed that on Monday, Senior VP and General Counsel Peter W. Arbour bought 10,000 shares of WG, at a cost of $3.95 each, for a total investment of $39,500. Arbour was up about 12.7% on the purchase at the high point of today's trading session, with WG trading as high as $4.45 in trading on Thursday. Willbros Group Inc is trading off about 3.5% on the day Thursday. This buy marks the first one filed by Arbour in the past twelve months.
And at Digital Cinema Destinations Corporation (DCIN), there was insider buying on Monday, by Chief Financial Officer Brian D. Pflug who purchased 5,000 shares for a cost of $5.61 each, for a trade totaling $28,050. Digital Cinema Destinations Corporation is trading off about 0.7% on the day Thursday. Pflug was up about 9.8% on the buy at the high point of today's trading session, with DCIN trading as high as $6.16 at last check today.
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