Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Thursday, Wet Seal, Inc. (WTSLA)'s Director, Henry Winterstern, made a $76,429 buy of WTSLA, purchasing 25,000 shares at a cost of $3.06 each. So far Winterstern is in the green, up about 7.9% on their buy based on today's trading high of $3.30. Wet Seal, Inc. is trading down about 4.2% on the day Tuesday.
And at Woodward, Inc. (NASDAQ:WWD), there was insider buying on Thursday, by Director Paul Donovan who bought 2,000 shares at a cost of $36.21 each, for a trade totaling $72,420. Before this latest buy, Donovan bought WWD on 2 other occasions during the past year, for a total investment of $504,190 at an average of $33.61 per share. Woodward, Inc. is trading off about 0.8% on the day Tuesday. So far Donovan is in the green, up about 2.5% on their buy based on today's trading high of $37.12.
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