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.
On Monday, TriState Capital Holdings (TSC)'s Director, Richard A. Zappala, made a $119,221 buy of TSC, purchasing 12,900 shares at a cost of $9.24 each. Zappala was up about 2.1% on the purchase at the high point of today's trading session, with TSC trading as high as $9.44 in trading on Wednesday. TriState Capital Holdings is trading up about 0.3% on the day Wednesday. This purchase marks the first one filed by Zappala in the past year.
And at Ansys (NASDAQ:ANSS), there was insider buying on Friday, by VP Robert Andrew Kocis who purchased 1,200 shares for a cost of $82.61 each, for a trade totaling $99,137. This purchase marks the first one filed by Kocis in the past twelve months. Ansys is trading up about 0.2% on the day Wednesday. Investors have the opportunity to pick up ANSS at a price even lower than Kocis did, with the stock trading as low as $81.22 at last check today -- that's 1.7% under Kocis's purchase price.
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%.