As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Misonix (NASDAQ:MSON), a filing with the SEC revealed that on Monday, Director Stavros G. Vizirgianakis bought 69,509 shares of MSON, for a cost of $5.70 each, for a total investment of $396,201. So far Vizirgianakis is in the green, up about 19.3% on their purchase based on today's trading high of $6.80. Misonix is trading up about 2.3% on the day Wednesday. This buy marks the first one filed by Vizirgianakis in the past year.
And on Friday, Director Thomas Gravina purchased $154,650 worth of FS Investment Corporation (NYSE:FSIC), purchasing 15,000 shares at a cost of $10.31 a piece. FS Investment Corporation is trading up about 0.8% on the day Wednesday. Gravina was up about 2.8% on the buy at the high point of today's trading session, with FSIC trading as high as $10.60 in trading on 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.