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.
At CoreCivic (NYSE:CXW), a filing with the SEC revealed that on Friday, Director Mark A. Emkes bought 5,000 shares of CXW, for a cost of $22.08 each, for a total investment of $110,403. Emkes was up about 3.2% on the buy at the high point of today's trading session, with CXW trading as high as $22.79 at last check today. CoreCivic is trading up about 0.2% on the day Tuesday. Before this latest buy, Emkes bought CXW on 2 other occasions during the past year, for a total cost of $313,078 at an average of $15.65 per share.
And at Chesapeake Lodging Trust (CHSP), there was insider buying on Monday, by CEO James L. Francis who purchased 2,500 shares at a cost of $23.26 each, for a total investment of $58,160. Before this latest buy, Francis made one other buy in the past year, purchasing $113,973 shares at a cost of $22.79 a piece. Chesapeake Lodging Trust is trading up about 1.5% on the day Tuesday.
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%.