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.
At Tuesday Morning Corp. (NASDAQ:TUES), a filing with the SEC revealed that on Wednesday, Director Steven R. Becker bought 92,054 shares of TUES, for a cost of $5.87 each, for a total investment of $540,073. So far Becker is in the green, up about 2.3% on their buy based on today's trading high of $6.00. Tuesday Morning Corp. is trading up about 1.5% on the day Thursday. Before this latest buy, Becker purchased TUES at 7 other times during the past twelve months, for a total investment of $7.06M at an average of $5.60 per share.
And at Winnebago Industries, Inc. (NYSE:WGO), there was insider buying on Wednesday, by Director Robert M. Chiusano who purchased 4,460 shares for a cost of $16.74 each, for a trade totaling $74,662. This purchase marks the first one filed by Chiusano in the past year. Winnebago Industries, Inc. is trading trading flat on the day Thursday.
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