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 Thursday, Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)'s Director, Paul Black, made a $99,882 buy of MDRX, purchasing 9,130 shares at a cost of $10.94 a piece. Allscripts Healthcare Solutions, Inc. is trading up about 1.3% on the day Tuesday.
And on Friday, Director Bernard Zeichner bought $70,800 worth of Tillys Incorporated (NYSE:TLYS), buying 5,000 shares at a cost of $14.16 a piece. This purchase marks the first one filed by Zeichner in the past twelve months. Tillys Incorporated is trading up about 3% on the day Tuesday. So far Zeichner is in the green, up about 6.3% on their purchase based on today's trading high of $15.05.
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.