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.
At Standard Parking (STAN), a filing with the SEC revealed that on Tuesday, Director Robert S. Roath purchased 20,000 shares of STAN, at an average cost of $21.08 each, for a total investment of $421,541. Roath was up about 4.5% on the purchase at the high point of today's trading session, with STAN trading as high as $22.03 at last check today. Before this latest buy, Roath made one other purchase in the past year, buying $745,960 shares for a cost of $21.94 each.
And on Friday, Director David J. Decarlo purchased $101,933 worth of Carriage Services (NYSE:CSV), purchasing 5,850 shares at a cost of $17.42 each. Before this latest buy, Decarlo purchased CSV on 7 other occasions during the past twelve months, for a total investment of $217,763 at an average of $10.89 per share. Carriage Services is trading off about 1.8% 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.