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 EarthLink (ELNK), a filing with the SEC revealed that on Tuesday, Chief Executive Officer Joseph F. Eazor purchased 64,600 shares of ELNK, for a cost of $3.88 each, for a total investment of $250,829. Eazor was up about 4.3% on the purchase at the high point of today's trading session, with ELNK trading as high as $4.05 in trading on Wednesday.
And on Friday, Executive Vice President Christopher Y. Downs bought $108,184 worth of BSB Bancorp (BLMT), buying 6,409 shares at a cost of $16.88 a piece. Before this latest buy, Downs made one other purchase in the past twelve months, buying $58,746 shares for a cost of $15.94 each. BSB Bancorp 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%.
Free Email Alerts By Stock:
Launch related slideshow:
