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 Dresser-Rand Group (DRC), a filing with the SEC revealed that on Friday, CEO Vincent R. Volpe Jr. purchased 18,400 shares of DRC, at a cost of $54.75 each, for a total investment of $1.01M. So far Volpe Jr. is in the green, up about 2.8% on their buy based on today's trading high of $56.27. Dresser-Rand Group is trading up about 2% on the day Monday.
And at First Financial Bankshares (NASDAQ:FFIN), there was insider buying on Friday, by Director Johnny Trotter who purchased 7,100 shares at a cost of $60.11 each, for a trade totaling $426,806. Before this latest buy, Trotter purchased FFIN at 10 other times during the past year, for a total investment of $532,512 at an average of $59.64 per share. First Financial Bankshares is trading up about 2.2% on the day Monday. So far Trotter is in the green, up about 2.5% on their purchase based on today's trading high of $61.60.
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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.