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 JMP Group (JMP), a filing with the SEC revealed that on Wednesday, CEO Joseph A. Jolson bought 569,504 shares of JMP, at a cost of $6.47 each, for a total investment of $3.68M. Jolson was up about 8.2% on the purchase at the high point of today's trading session, with JMP trading as high as $7.00 in trading on Thursday. JMP Group is trading up about 1.5% on the day Thursday. Before this latest buy, Jolson bought JMP at 5 other times during the past year, for a total investment of $2.13M at an average of $6.59 per share.
And on Monday, Director Paul Polman purchased $1.00M worth of Dow Chemical (NYSE:DOW), purchasing 21,500 shares at a cost of $46.56 a piece. This buy marks the first one filed by Polman in the past twelve months. Dow Chemical is trading down about 0.1% on the day Thursday. Polman was up about 2.6% on the purchase at the high point of today's trading session, with DOW trading as high as $47.75 at last check today.
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%.
At VF I have met some of the greatest givers from all walks
Free Email Alerts By Stock:
Launch related slideshow:
Monday 4/15 Insider Buying Report: LGVN, WDFC
Friday 4/12 Insider Buying Report: ATOS, TRDA
Thursday 4/11 Insider Buying Report: HCI
Nasdaq 100 Movers: TSLA, MELI
S&P 500 Movers: CRM, MTB
Dow Movers: CRM, GS
S&P 500 Analyst Moves: AES
Dow Analyst Moves: TRV
S&P 500 Analyst Moves: KEYS
Monday Sector Laggards: Transportation Services, Home Furnishings & Improvement Stocks
Monday Sector Leaders: Defense, Non-Precious Metals & Non-Metallic Mining Stocks
Friday Sector Laggards: Semiconductors, Airlines
Monday's ETF with Unusual Volume: PXE
Monday's ETF Movers: COPX, TAN
HYG, GGLS: Big ETF Outflows
Daily Dividend Report: NNN,CRS,AON,MPW,COKE
Daily Dividend Report: UNM,CSWI,ALLE,TRGP,AGR
Daily Dividend Report: LEN,COST,FUL,FAST,CAG
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015