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 Tile Shop Holdings, a filing with the SEC revealed that on Thursday, Director Peter H. Kamin purchased 159,000 shares of TTS, for a cost of $14.43 each, for a total investment of $2.29M. Tile Shop Holdings is trading up about 2.1% on the day Monday.
And on Friday, CEO James C. Clemmer bought $391,750 worth of AngioDynamics, buying 25,000 shares at a cost of $15.67 each. This purchase marks the first one filed by Clemmer in the past twelve months. AngioDynamics is trading up about 5.6% on the day Monday. Clemmer was up about 6.9% on the buy at the high point of today's trading session, with ANGO trading as high as $16.75 in trading on Monday.
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