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.
On Monday, Iradimed (NASDAQ:IRMD)'s Director, James B. Hawkins, made a $500,000 buy of IRMD, purchasing 80,000 shares at a cost of $6.25 each. Hawkins was up about 43.5% on the purchase at the high point of today's trading session, with IRMD trading as high as $8.97 at last check today. Iradimed is trading off about 0.5% on the day Monday. This buy marks the first one filed by Hawkins in the past year.
And on Friday, President Timothy M. Kohl bought $25,037 worth of Marten Transport (NASDAQ:MRTN), buying 1,200 shares at a cost of $20.86 a piece. Marten Transport is trading up about 0.5% on the day Monday. Kohl was up about 2.6% on the buy at the high point of today's trading session, with MRTN trading as high as $21.40 at last check today.
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.