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 Wednesday, Compass Diversified Holdings' Elias Sabo, made a $355,485 purchase of CODI, buying 25,000 shares at a cost of $14.22 a piece. Bargain hunters are able to buy CODI at a price even lower than Sabo did, with the stock trading as low as $13.25 at last check today — that's 6.8% under Sabo's purchase price. Compass Diversified Holdings is trading down about 1.8% on the day Monday. Before this latest buy, Sabo purchased CODI at 2 other times during the past twelve months, for a total investment of $1.16M at an average of $15.46 per share.
And on Thursday, Director Mark S. Bartlett purchased $298,750 worth of WillScot, purchasing 25,000 shares at a cost of $11.95 a piece. Before this latest buy, Bartlett made one other purchase in the past year, buying $298,750 shares at a cost of $11.95 each. WillScot is trading down about 3% on the day Monday. Investors are able to buy WSC at a price even lower than Bartlett did, with the stock trading as low as $10.94 in trading on Monday which is 8.5% below Bartlett's purchase price.
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.