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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Monday, TASER International (TASR)'s Director, Hadi Partovi, made a $1.99M purchase of TASR, buying 100,000 shares at a cost of $19.85 a piece. TASER International is trading up about 0.3% on the day Tuesday. Before this latest buy, Partovi made one other buy in the past twelve months, purchasing $515,000 shares for a cost of $25.75 each.
And at K2M Group Holdings (KTWO), there was insider buying on Monday, by Director Carlos A. Ferrer who purchased 38,942 shares for a cost of $12.84 each, for a trade totaling $500,015. This buy marks the first one filed by Ferrer in the past year. K2M Group Holdings is trading down about 0.4% on the day Tuesday. Ferrer was up about 5.1% on the purchase at the high point of today's trading session, with KTWO trading as high as $13.49 at last check today.
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