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 Monday, Cabelas Inc (NYSE:CAB)'s Director, Reuben Mark, made a $1.09M buy of CAB, purchasing 30,000 shares at a cost of $36.37 a piece. Cabelas Inc is trading up about 3.1% on the day Tuesday. This purchase marks the first one filed by Mark in the past twelve months.
And at HMS Holdings Corp (NASDAQ:HMSY), there was insider buying on Friday, by Director William S. Mosakowski who bought 25,000 shares at a cost of $24.00 each, for a trade totaling $600,000. This purchase marks the first one filed by Mosakowski in the past twelve months. HMS Holdings Corp is trading off about 0.6% on the day Tuesday. Bargain hunters can buy HMSY at a price even lower than Mosakowski did, with the stock trading as low as $23.58 in trading on Tuesday which is 1.8% under Mosakowski's purchase price.
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.