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.
At Community Bank Shares of Indiana, Inc. (NASDAQ:CBIN), a filing with the SEC revealed that on Friday, Director Norman E. Pfau Jr. bought 25,048 shares of CBIN, at a cost of $13.00 each, for a total investment of $325,624. Bargain hunters have the opportunity to buy CBIN even cheaper than Pfau Jr. did, with the stock trading as low as $12.66 at last check today which is 2.6% under Pfau Jr.'s purchase price. Community Bank Shares of Indiana, Inc. is trading up about 0.2% on the day Tuesday. This buy marks the first one filed by Pfau Jr. in the past twelve months.
And on Monday, Director Joseph C. Winkler purchased $27,488 worth of Commercial Metals Co. (NYSE:CMC), purchasing 2,084 shares at a cost of $13.19 each. This buy marks the first one filed by Winkler in the past twelve months. Commercial Metals Co. is trading up about 0.5% on the day Tuesday. So far Winkler is in the green, up about 2.1% on their buy based on today's trading high of $13.47.
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