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 Tile Shop Holdings (NASDAQ:TTS), a filing with the SEC revealed that on Thursday, Director Philip B. Livingston purchased 7,500 shares of TTS, at a cost of $8.53 each, for a total investment of $63,955. Livingston was up about 10.8% on the purchase at the high point of today's trading session, with TTS trading as high as $9.45 in trading on Monday. Tile Shop Holdings is trading up about 7.4% on the day Monday.
And on Wednesday, Director Mark L. Lipson bought $24,973 worth of Source Capital (NYSE:SOR), buying 610 shares at a cost of $40.94 each. Source Capital is trading off about 0.3% on the day Monday. So far Lipson is in the green, up about 0.9% on their purchase based on today's trading high of $41.31.
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