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 Tuesday, Freeport-McMoran Copper & Gold (NYSE:FCX)'s, John Joseph Stephens, made a $503,550 purchase of FCX, buying 45,000 shares at a cost of $11.19 each. Freeport-McMoran Copper & Gold is trading down about 0.6% on the day Thursday.
And also on Tuesday, Director Andrew C. Nelson purchased $138,060 worth of Investar Holding Corp (NASDAQ:ISTR), purchasing 6,000 shares at a cost of $23.01 each. Before this latest buy, Nelson bought ISTR on 2 other occasions during the past twelve months, for a total cost of $71,350 at an average of $23.78 per share. Investar Holding Corp is trading up about 2.2% 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.
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 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.