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, Eagle Bancorp Inc (NASDAQ:EGBN)'s Director, Norman Robert Pozez, made a $736,016 buy of EGBN, purchasing 46,001 shares at a cost of $16.00 a piece. Eagle Bancorp Inc is trading up about 0.1% on the day Tuesday. This purchase marks the first one filed by Pozez in the past year.
And at Hornbeck Offshore Services Inc (HOS), there was insider buying on Thursday, by Director Nicholas Lew Swyka Jr. who bought 7,250 shares for a cost of $35.09 each, for a total investment of $254,374. This purchase marks the first one filed by Swyka Jr. in the past twelve months. Hornbeck Offshore Services Inc is trading up about 2.6% on the day Tuesday. So far Swyka Jr. is in the green, up about 3.5% on their buy based on today's trading high of $36.30.
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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.