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.
On Friday, Tandem Diabetes Care (NASDAQ:TNDM)'s CEO, Kim D. Blickenstaff, made a $999,950 purchase of TNDM, buying 285,700 shares at a cost of $3.50 a piece. Investors can bag TNDM even cheaper than Blickenstaff did, with the stock changing hands as low as $2.46 in trading on Wednesday which is 29.7% below Blickenstaff's purchase price. Tandem Diabetes Care is trading up about 1.2% on the day Wednesday. Before this latest buy, Blickenstaff made one other buy in the past year, purchasing $2M shares at a cost of $1.25 each.
And on Monday, Director Allan H. Selig bought $63,240 worth of Oil-Dri Corp. of America (NYSE:ODC), buying 1,500 shares at a cost of $42.16 each. Before this latest buy, Selig purchased ODC on 3 other occasions during the past twelve months, for a total investment of $157,670 at an average of $39.42 per share. Oil-Dri Corp. of America is trading up about 0.6% on the day Wednesday. Selig was up about 0.7% on the purchase at the high point of today's trading session, with ODC trading as high as $42.44 at last check today.
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.