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 NRG Energy, a filing with the SEC revealed that on Thursday, Director John C. Wilder Jr. purchased 1,200,000 shares of NRG, at a cost of $17.47 each, for a total investment of $20.96M. So far Wilder Jr. is in the green, up about 6.2% on their purchase based on today's trading high of $18.56. NRG Energy is trading up about 2.5% on the day Friday. This purchase marks the first one filed by Wilder Jr. in the past year.
And at WisdomTree Investments, there was insider buying on Thursday, by Chief Executive Officer Jonathan L. Steinberg who bought 97,971 shares for a cost of $9.14 each, for a trade totaling $895,334. This buy marks the first one filed by Steinberg in the past twelve months. WisdomTree Investments is trading off about 1.7% on the day Friday.
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.