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 Buffalo Wild Wings (NASDAQ:BWLD), a filing with the SEC revealed that on Tuesday, Director Capital Management LP Marcato purchased 950,000 shares of BWLD, for a cost of $156.60 each, for a total investment of $148.77M. Buffalo Wild Wings is trading up about 0.2% on the day Thursday. Before this latest buy, Marcato purchased BWLD on 2 other occasions during the past year, for a total cost of $6.80M at an average of $146.66 per share.
And also on Tuesday, Director Joseph W. Brown bought $362,500 worth of MBIA Inc. (NYSE:MBI), buying 50,000 shares at a cost of $7.25 each. This buy marks the first one filed by Brown in the past twelve months. MBIA is trading up about 7.4% on the day Thursday. Brown was up about 12.0% on the purchase at the high point of today's trading session, with MBI trading as high as $8.12 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.