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 Thursday, Full Circle Capital (NASDAQ:FULL)'s President and Co-CEO, Gregg J. Felton, made a $861,005 purchase of FULL, buying 116,352 shares at a cost of $7.40 each. Felton was up about 8.0% on the purchase at the high point of today's trading session, with FULL trading as high as $7.99 in trading on Monday. Full Circle Capital is trading up about 2.4% on the day Monday. Before this latest buy, Felton purchased FULL on 4 other occasions during the past year, for a total investment of $135,161 at an average of $7.40 per share.
And at Enable Midstream Partners (NYSE:ENBL), there was insider buying on Thursday, by CEO Lynn L. Bourdon III who purchased 10,000 shares at a cost of $23.60 each, for a total investment of $235,980. Before this latest buy, Bourdon III made one other buy in the past year, purchasing $500,000 shares for a cost of $20.00 each. Enable Midstream Partners is trading up about 1.2% on the day Monday. So far Bourdon III is in the green, up about 1.8% on their purchase based on today's trading high of $24.03.
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.