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Wednesday 12/11 Insider Buying Report: TREE, SRBK
Wednesday, December 11, 2:40 PM ET

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 LendingTree, a filing with the SEC revealed that on Friday, Chief Technology Officer Scott V. Totman purchased 3,750 shares of TREE, for a cost of $38.59 each, for a total investment of $144,725. Totman was up about 9.5% on the buy at the high point of today's trading session, with TREE trading as high as $42.27 in trading on Wednesday. LendingTree Inc is trading up about 0.1% on the day Wednesday.

And on Monday, Executive Chair David M. Orbach purchased $117,467 worth of SR Bancorp, purchasing 10,000 shares at a cost of $11.75 a piece. Before this latest buy, Orbach bought SRBK on 2 other occasions during the past twelve months, for a total cost of $294,325 at an average of $9.34 per share. SR Bancorp is trading up about 0.8% on the day Wednesday. Orbach was up about 3.4% on the purchase at the high point of today's trading session, with SRBK trading as high as $12.15 at last check today.

For MarketNewsVideo.com, I'm Sayoko Murase.

Wednesday 12/11 Insider Buying Report: TREE, SRBK picture
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Wednesday 12/11 Insider Buying Report: TREE, SRBK | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

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.

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