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 Thursday, DATAWATCH Corp. (DWCH)'s Director, David Mahoney, made a $143,539 buy of DWCH, purchasing 10,000 shares at a cost of $14.35 a piece. DATAWATCH Corp. is trading down about 2% on the day Tuesday. Before this latest buy, Mahoney purchased DWCH on 4 other occasions during the past year, for a total cost of $150,921 at an average of $10.03 per share.
And also on Thursday, Director J. Casey Crenshaw bought $140,000 worth of American Electric Technologies, Inc. (AETI), buying 35,000 shares at a cost of $4.00 each. This purchase marks the first one filed by Crenshaw in the past twelve months. American Electric Technologies, Inc. is trading off about 2.8% on the day Tuesday. Crenshaw was up about 17.5% on the purchase at the high point of today's trading session, with AETI trading as high as $4.70 in trading on 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.