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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Wednesday, Navistar International Corp. (NYSE:NAV)'s COO, Troy A. Clarke, made a $170,994 buy of NAV, purchasing 8,437 shares at a cost of $20.27 a piece. Navistar International Corp. is trading up about 0.4% on the day Thursday.
And on Monday, Director Julian Inclan bought $64,625 worth of Oriental Financial Group, Inc. (NYSE:OFG), buying 5,000 shares at a cost of $12.93 a piece. This purchase marks the first one filed by Inclan in the past year. Oriental Financial Group, Inc. is trading down about 1.2% on the day Thursday.
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