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 Friday, ANN INC (NYSE:ANN)'s Director, Daniel W. Yih, made a $199,908 buy of ANN, purchasing 5,400 shares at a cost of $37.02 each. Bargain hunters can bag ANN even cheaper than Yih did, with the stock trading as low as $36.52 in trading on Tuesday which is 1.4% below Yih's purchase price. ANN INC is trading up about 0.5% on the day Tuesday.
And also on Friday, CFO and Accounting Officer Jon C. Biro bought $181,367 worth of Consolidated Graphics, Inc. (NYSE:CGX), buying 7,000 shares at a cost of $25.91 each. This buy marks the first one filed by Biro in the past year. Consolidated Graphics, Inc. is trading up about 2.1% on the day Tuesday.
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.