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.
On Friday, Fiesta Restaurant Group's, Brian P. Friedman, made a $6.53M buy of FRGI, purchasing 309,115 shares at a cost of $21.12 each. Friedman was up about 3.2% on the buy at the high point of today's trading session, with FRGI trading as high as $21.80 in trading on Wednesday. Fiesta Restaurant Group is trading down about 1.4% on the day Wednesday. Before this latest buy, Friedman purchased FRGI at 4 other times during the past twelve months, for a total investment of $21.52M at an average of $20.55 per share.
And also on Friday, Chief Executive Officer Michael S. Dell bought $1.14M worth of Dell Technologies, buying 44,672 shares at a cost of $25.60 a piece. Before this latest buy, Dell bought DVMT at 4 other times during the past twelve months, for a total cost of $31.14M at an average of $27.55 per share. Dell Technologies is trading up about 0.1% on the day Wednesday. Dell was up about 147.3% on the purchase at the high point of today's trading session, with DVMT trading as high as $63.31 in trading on 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 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.