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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Exa Corp (NASDAQ:EXA), a filing with the SEC revealed that on Friday, Director John William Poduska Sr. bought 20,000 shares of EXA, at a cost of $9.73 each, for a total investment of $194,691. Investors have the opportunity to snag EXA at a price even lower than Poduska Sr. did, with the stock trading as low as $9.33 in trading on Wednesday which is 4.2% below Poduska Sr.'s purchase price. Exa Corp is trading up about 2% on the day Wednesday. This buy marks the first one filed by Poduska Sr. in the past year.
And at Royal Focus Trust Incorporated (NASDAQ:FUND), there was insider buying on Tuesday, by Vice President Jack E. Fockler Jr. who bought 22,000 shares at a cost of $6.91 each, for a total investment of $152,018. This purchase marks the first one filed by Fockler Jr. in the past twelve months. Royal Focus Trust Incorporated is trading up about 0.7% on the day Wednesday. Thus far Fockler Jr. is down about 0.9% on the purchase, with the stock trading as low as $6.85 in trading on Wednesday.
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