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 Pizza Inn Holdings (NASDAQ:PZZI), a filing with the SEC revealed that on Friday, Chief Financial Officer Timothy E. Mullany bought 9,400 shares of PZZI, for a cost of $8.00 each, for a total investment of $75,200. Pizza Inn Holdings is trading down about 1.9% on the day Tuesday. Before this latest buy, Mullany made one other buy in the past twelve months, purchasing $102,371 shares at a cost of $6.13 each.
And at Streamline Health Solutions (NASDAQ:STRM), there was insider buying on Friday, by EVP, Chief Operating Officer David William Sides who bought 10,000 shares at a cost of $3.91 each, for a trade totaling $39,125. Before this latest buy, Sides bought STRM at 2 other times during the past twelve months, for a total investment of $41,570 at an average of $3.96 per share. Streamline Health Solutions is trading up about 0.5% on the day Tuesday. So far Sides is in the green, up about 9.1% on their buy based on today's trading high of $4.27.
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