There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 1, Kimball International, Inc.'s CFO, Timothy J. Wolfe, invested $135,276.00 into 10,000 shares of KBAL, for a cost per share of $13.53. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Thursday, bargain hunters could buy shares of Kimball International, Inc. (KBAL) and achieve a cost basis 1.3% cheaper than Wolfe, with shares changing hands as low as $13.35 per share. Kimball International, Inc. shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of KBAL shares, versus its 200 day moving average:
Looking at the chart above, KBAL's low point in its 52 week range is $10.10 per share, with $14.86 as the 52 week high point — that compares with a last trade of $13.50. By comparison, below is a table showing the prices at which KBAL insider buying was recorded over the last six months:
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One Reason For Insiders to Buy
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