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 Friday, Bank of the Ozarks, Inc. (OZRK)'s Director, Richard L. Cisne, made a $351,473 buy of OZRK, purchasing 11,000 shares at a cost of $31.95 each. Bank of the Ozarks, Inc. is trading up about 1.1% on the day Monday. Before this latest buy, Cisne bought OZRK on 2 other occasions during the past year, for a total investment of $57,634 at an average of $28.82 per share.
And at Quality Distribution Inc (QLTY), there was insider buying on Wednesday, by Director Thomas M. White who purchased 20,000 shares at a cost of $6.17 each, for a total investment of $123,484. Before this latest buy, White made one other buy in the past year, purchasing $142,244 shares for a cost of $9.48 each. Quality Distribution Inc is trading trading flat on the day Monday. So far White is in the green, up about 9.3% on their purchase based on today's trading high of $6.75.
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.