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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Connecture, a filing with the SEC revealed that on Monday, Director Ezra Perlman purchased 1,550,286 shares of CNXR, for a cost of $1.27 each, for a total investment of $1.98M. So far Perlman is in the green, up about 78.9% on their purchase based on today's trading high of $2.28. Connecture is trading down about 3.5% on the day Thursday. This purchase marks the first one filed by Perlman in the past year.
And at Ambac Financial Group, there was insider buying on Tuesday, by Chief Executive Officer Tavakoli Nader who bought 38,855 shares for a cost of $15.98 each, for a trade totaling $620,896. Before this latest buy, Nader bought AMBC on 7 other occasions during the past year, for a total cost of $2.68M at an average of $14.49 per share. Ambac Financial Group is trading up about 0.8% on the day Thursday.
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%.