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 Dollar General (NYSE:DG), a filing with the SEC revealed that on Thursday, Director Patricia Filikrushel bought 2,500 shares of DG, at a cost of $48.30 each, for a total investment of $120,757. Bargain hunters are able to buy DG at a price even lower than Filikrushel did, with the stock trading as low as $47.10 at last check today -- that's 2.5% under Filikrushel's purchase price. Dollar General Corp is trading down about 0.1% on the day Monday.
And at Neogen (NASDAQ:NEOG), there was insider buying on Thursday, by Director A. Charles Fischer who bought 1,000 shares at a cost of $42.49 each, for a total investment of $42,490. Before this latest buy, Fischer made one other purchase in the past year, buying $30,910 shares for a cost of $30.91 each. Neogen Corp. is trading up about 2.1% on the day Monday. Bargain hunters have the opportunity to grab NEOG at a price even lower than Fischer did, with the stock changing hands as low as $41.25 in trading on Monday which is 2.9% below Fischer'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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.