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, Digirad Corp (NASDAQ:DRAD)'s Director, Charles M. Gillman, made a $20,693 buy of DRAD, purchasing 10,000 shares at a cost of $2.07 each. Digirad Corp is trading down about 0.5% on the day Friday. Before this latest buy, Gillman bought DRAD at 23 other times during the past twelve months, for a total investment of $550,126 at an average of $2.09 per share.
And at Elecsys Corp. (NASDAQ:ESYS), there was insider buying on Monday, by Director Stan Gegen who bought 6,585 shares at a cost of $3.03 each, for a trade totaling $19,955. Before this latest buy, Gegen purchased ESYS at 3 other times during the past twelve months, for a total investment of $61,557 at an average of $3.22 per share. Elecsys Corp. is trading off about 0.9% on the day Friday. Gegen was up about 5.6% on the purchase at the high point of today's trading session, with ESYS trading as high as $3.20 in trading on Friday.
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.