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 AK Steel Holding (AKS), a filing with the SEC revealed that on Thursday, CEO James L. Wainscott purchased 160,000 shares of AKS, at a cost of $6.18 each, for a total investment of $988,976. Wainscott was up about 10.7% on the purchase at the high point of today's trading session, with AKS trading as high as $6.84 at last check today. AK Steel Holding is trading up about 3.2% on the day Monday. This purchase marks the first one filed by Wainscott in the past year.
And at Apollo Commercial Real Estate Finance (NYSE:ARI), there was insider buying on Wednesday, by Director Eric Press who bought 21,207 shares for a cost of $16.24 each, for a trade totaling $344,353. Apollo Commercial Real Estate Finance is trading up about 0.4% on the day Monday. Press was up about 1.9% on the purchase at the high point of today's trading session, with ARI trading as high as $16.54 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%.