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 Thursday, JPMorgan Chase (NYSE:JPM)'s Director, James S. Crown, made a $825,327 purchase of JPM, buying 7,280 shares at a cost of $113.37 each. JPMorgan Chase is trading up about 0.4% on the day Monday. Before this latest buy, Crown made one other buy in the past twelve months, purchasing $982,991 shares at a cost of $85.48 a piece.
And at Ryman Hospitality Properties (NYSE:RHP), there was insider buying on Wednesday, by CEO Colin V. Reed who bought 5,995 shares for a cost of $75.81 each, for a total investment of $454,503. Before this latest buy, Reed purchased RHP at 2 other times during the past twelve months, for a total cost of $1.71M at an average of $65.84 per share. Ryman Hospitality Properties is trading up about 0.1% on the day Monday. So far Reed is in the green, up about 1.9% on their purchase based on today's trading high of $77.28.
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%.