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 Monday, First Financial Bankshares, Inc. (NASDAQ:FFIN)'s CEO, F. Scott Dueser, made a $263,972 purchase of FFIN, buying 6,024 shares at a cost of $43.82 a piece. So far Dueser is in the green, up about 1.9% on their purchase based on today's trading high of $44.67. First Financial Bankshares, Inc. is trading up about 1.2% on the day Wednesday. Before this latest buy, Dueser made one other buy in the past year, purchasing $4.7M shares for a cost of $35.32 each.
And at ServiceSource International, Inc. (NASDAQ:SREV), there was insider buying on Monday, by CEO & Chairman of the Board Michael A. Smerklo who purchased 22,900 shares for a cost of $6.44 each, for a total investment of $147,524. Before this latest buy, Smerklo made one other buy in the past twelve months, purchasing $148,361 shares at a cost of $6.90 each. ServiceSource International, Inc. is trading up about 2.5% on the day Wednesday.
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.