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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Thursday, Ipsidy's Chief Executive Officer, Thomas L. Thimot, made a $499,982 purchase of AUID, buying 71,426 shares at a cost of $7.00 a piece. Thimot was up about 41.4% on the buy at the high point of today's trading session, with AUID trading as high as $9.90 in trading on Monday. Ipsidy is trading up about 3.8% on the day Monday.
And also on Thursday, Director John R. Rutherford purchased $221,940 worth of Enterprise Products Partners, purchasing 10,000 shares at a cost of $22.19 a piece. Before this latest buy, Rutherford bought EPD on 2 other occasions during the past twelve months, for a total cost of $213,255 at an average of $21.33 per share. Enterprise Products Partners is trading trading flat on the day Monday. So far Rutherford is in the green, up about 1.8% on their purchase based on today's trading high of $22.59.
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