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 Compass Diversified Holdings, a filing with the SEC revealed that on Wednesday, Elias Sabo purchased 55,000 shares of CODI, at a cost of $18.99 each, for a total investment of $1.04M. Compass Diversified Holdings is trading up about 1.3% on the day Thursday. Before this latest buy, Sabo bought CODI on 2 other occasions during the past twelve months, for a total investment of $1.12M at an average of $14.97 per share.
And on Monday, Chief Executive Officer Paul B. Toms Jr. purchased $100,150 worth of Hooker Furniture, purchasing 5,000 shares at a cost of $20.03 each. Before this latest buy, Toms Jr. bought HOFT on 2 other occasions during the past year, for a total cost of $56,948 at an average of $28.47 per share. Hooker Furniture is trading down about 1% on the day Thursday.
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.