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 Keurig Green Mountain (GMCR), a filing with the SEC revealed that on Monday, Director Norman H. Wesley purchased 11,000 shares of GMCR, for a cost of $105.06 each, for a total investment of $1.16M. Wesley was up about 10.3% on the buy at the high point of today's trading session, with GMCR trading as high as $115.92 at last check today. Keurig Green Mountain is trading up about 7.8% on the day Friday. Before this latest buy, Wesley made one other purchase in the past year, buying $682,500 shares at a cost of $68.25 a piece.
And at Stellus Capital Investment Corporation (NYSE:SCM), there was insider buying on Thursday, by Director Joshua T. Davis who bought 14,072 shares at a cost of $14.51 each, for a total investment of $204,201. Stellus Capital Investment Corporation is trading up about 0.1% on the day Friday. Davis was up about 1.2% on the buy at the high point of today's trading session, with SCM trading as high as $14.69 at last check today.
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