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.
On Monday, DuPont (NYSE:DD)'s Director, James L. Gallogly, made a $999,136 buy of DD, purchasing 14,250 shares at a cost of $70.11 a piece. Gallogly was up about 1.9% on the buy at the high point of today's trading session, with DD trading as high as $71.44 at last check today. DuPont is trading off about 0.6% on the day Wednesday. Before this latest buy, Gallogly made one other buy in the past year, purchasing $231,537 shares for a cost of $77.18 a piece.
And at MBT Financial Corp. (MBTF), there was insider buying on Tuesday, by Director James F. Deutsch who purchased 18,996 shares for a cost of $5.71 each, for a total investment of $108,392. Before this latest buy, Deutsch purchased MBTF on 4 other occasions during the past twelve months, for a total cost of $84,260 at an average of $5.57 per share. MBT Financial Corp. is trading up about 1% on the day Wednesday. Deutsch was up about 4.1% on the buy at the high point of today's trading session, with MBTF trading as high as $5.94 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%.