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.
At Penford Corp. (NASDAQ:PENX), a filing with the SEC revealed that on Tuesday, Director Jeffrey T. Cook purchased 3,500 shares of PENX, for a cost of $8.09 each, for a total investment of $28,315. Penford Corp. is trading up about 1.5% on the day Wednesday.
And at Terex Corp. (NYSE:TEX), there was insider buying on Friday, by Senior Vice President, Douglas R. Friesen who bought 212 shares for a cost of $29.44 each, for a trade totaling $6,241. Before this latest buy, Friesen bought TEX on 12 other occasions during the past twelve months, for a total cost of $110,217 at an average of $21.39 per share. Terex Corp. is trading up about 0.1% on the day Wednesday. Investors have the opportunity to buy TEX at a price even lower than Friesen did, with shares trading as low as $28.63 at last check today -- that's 2.8% under Friesen's purchase price.
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.
Launch related slideshow:
Monday 5/20 Insider Buying Report: LPSN, FTEK
Monday 5/20 Insider Buying Report: LMNX, GFF
Friday 5/17 Insider Buying Report: CONE, ERII
Daily Wrap: May 20, 2013
Campbell Soup Shares Climb Following Revised Earnings Guidance
Chesapeake Shares Rise Following CEO Announcement
Analyst Moves: RRC, PCLN, LOW
Analyst Moves: ABT, ACN, EFX, JCP
Analyst Moves: AMAT, ARUN, DE
Monday Sector Leaders: Metals & Mining, Precious Metals
Monday Sector Laggards: Consumer Services, Agriculture & Farm Products
Friday Sector Leaders: Education & Training Services, Auto Parts
Monday's ETF with Unusual Volume: DTN
Monday's ETF Movers: PBW, IFNA
GDX, SBM: Big ETF Outflows
Daily Dividend Report: UMPQ, SJT, CRT, AVIV, SPAN
Daily Dividend Report: HAL, NOV, ESV, WLK, CSC
Daily Dividend Report: AET, DV, RWT, BGS, WMB
Initial Jobless Claims Jump by 32k
Jobless Claims Fall to Five Year Low
Hiring Picture Improves In April
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013