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 Tuesday, American Realty Capital Trust (ARCT)'s CEO, William M. Kahane, made a $110,979 purchase of ARCT, buying 10,000 shares at a cost of $11.10 a piece. Investors are able to snag ARCT at a price even lower than Kahane did, with shares changing hands as low as $10.94 at last check today which is 1.4% under Kahane's purchase price. American Realty Capital Trust IN is trading off about 0.6% on the day Wednesday. This purchase marks the first one filed by Kahane in the past year.
And also on Tuesday, Director Gary W. Pace purchased $97,500 worth of Pacira Pharmaceuticals Inc. (NASDAQ:PCRX), purchasing 10,000 shares at a cost of $9.75 each. Before this latest buy, Pace made one other purchase in the past twelve months, buying $49,998 shares for a cost of $6.50 each. Pacira Pharmaceuticals Inc. is trading up about 0.8% on the day Wednesday. So far Pace is in the green, up about 3.6% on their buy based on today's trading high of $10.10.
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.
This is the most knowledgable group I've ever been
Launch related slideshow:
Friday 5/17 Insider Buying Report: CONE, ERII
Friday 5/17 Insider Buying Report: WFR, VSTM
Thursday 5/16 Insider Buying Report: SIX, MRIN
Daily Wrap: May 17, 2013
Donaldson Shares Slip On Lowered Guidance
Daily Wrap: May 16, 2013
Analyst Moves: AMAT, ARUN, DE
Analyst Moves: NOC, GM, GILD
Analyst Moves: WSM, LTD, ADSK
Friday Sector Leaders: Education & Training Services, Auto Parts
Friday Sector Laggards: Precious Metals, Rental, Royalty Trusts
Thursday Sector Leaders: Shipping, Education & Training Services
Friday's ETF with Unusual Volume: IYK
Friday's ETF Movers: PSCM, PSAU
HYG, RUSS: Big ETF Outflows
Daily Dividend Report: AET, DV, RWT, BGS, WMB
Daily Dividend Report: SYY, VTR, HIG, ESS, XEC
Daily Dividend Report: COH, STT, WDC, KSS, DPS
Initial Jobless Claims Jump by 32k
Jobless Claims Fall to Five Year Low
Hiring Picture Improves In April
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013