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 Health Sciences Acquisitions, a filing with the SEC revealed that on Friday, Chief Executive Officer Roderick Wong bought 46,999 shares of HSAC, for a cost of $10.40 each, for a total investment of $488,960. So far Wong is in the green, up about 5.5% on their purchase based on today's trading high of $10.98. Health Sciences Acquisitions is trading off about 0.1% on the day Wednesday. Before this latest buy, Wong bought HSAC on 3 other occasions during the past year, for a total cost of $2.34M at an average of $10.20 per share.
And also on Friday, Director Andres Conesa purchased $294,520 worth of Sempra Energy, purchasing 2,000 shares at a cost of $147.26 a piece. This buy marks the first one filed by Conesa in the past year. Sempra Energy is trading up about 0.3% on the day 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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.