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 Consumer Portfolio Service (NASDAQ:CPSS), a filing with the SEC revealed that on Tuesday, Director Greg Washer purchased 25,000 shares of CPSS, for a cost of $4.80 each, for a total investment of $120,100. So far Washer is in the green, up about 5.5% on their buy based on today's trading high of $5.07. Consumer Portfolio Service is trading down about 0.4% on the day Wednesday. Before this latest buy, Washer purchased CPSS on 11 other occasions during the past year, for a total cost of $497,352 at an average of $6.27 per share.
And on Monday, Vice President, Gen Counsel Roger C. Jackson purchased $40,298 worth of KMG Chemicals (KMG), purchasing 2,000 shares at a cost of $20.15 a piece. KMG Chemicals is trading up about 0.8% 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 8.3%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.3%.
The best money I have EVER spent, is for membership. 
Free Email Alerts By Stock:
Launch related slideshow:
Monday 7/7 Insider Buying Report: EXOZ, IAF
Thursday 7/3 Insider Buying Report: FUND, FGEN
Wednesday 7/2 Insider Buying Report: SPG, MPTI
Nasdaq 100 Movers: TSLA, BKNG
S&P 500 Movers: TSLA, PEG
Dow Movers: SHW, NKE
Dow Analyst Moves: HON
Dow Analyst Moves: SHW
Dow Analyst Moves: PG
Thursday Sector Laggards: General Contractors & Builders, Precious Metals
Thursday Sector Leaders: Application Software, Semiconductors
Wednesday Sector Leaders: Biotechnology, Railroads
Monday's ETF with Unusual Volume: FBDC
Monday's ETF Movers: KWEB, SVOL
SCHP, LIAT: Big ETF Outflows
Daily Dividend Report: CVS, FOUR, MMS, AMRK
Daily Dividend Report: PNC,MLAB,HCI,GFL,PNNT
Daily Dividend Report: UMH,ARR,TBLD,OZK,XFLT
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