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.
At Verint Systems (NASDAQ:VRNT), a filing with the SEC revealed that on Wednesday, Director Earl Shanks purchased 3,500 shares of VRNT, for a cost of $27.64 each, for a total investment of just under $100,000. Verint Systems is trading up about 0.4% on the day Monday.
And also on Wednesday, Director Richard Berke purchased $68,000 worth of Hain Celestial Group (NASDAQ:HAIN), buying 1,000 shares at a cost of $68.02 each. Hain Celestial Group is trading up about 0.2% on the day Monday. Investors can pick up HAIN even cheaper than Berke did, with shares changing hands as low as $64.80 in trading on Monday -- that's 4.7% below Berke'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.