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.
On Wednesday, Sears Hometown & Outlet Stores Inc (NASDAQ:SHOS)'s CEO and President, W. Bruce Johnson, made a $170,154 purchase of SHOS, buying 4,672 shares at a cost of $36.42 a piece. So far Johnson is in the green, up about 10.8% on their purchase based on today's trading high of $40.35. Sears Hometown & Outlet Stores Inc is trading up about 1.3% on the day Monday.
And at THL Credit Incorporated (NASDAQ:TCRD), there was insider buying on Wednesday, by Director Keith W. Hughes who bought 10,000 shares at a cost of $15.34 each, for a trade totaling $153,433. THL Credit Incorporated is trading down about 0.1% on the day Monday.
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