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 one noteworthy recent insider buy.
At Matthews International Corp (NASDAQ:MATW), there was insider buying on Tuesday, by VP and Treasurer Robert M. Marsh who bought 3,000 shares at a cost of $55.50 each, for a trade totaling $166,500. Matthews International Corp is trading down about 1.6% on the day Friday. Investors can bag MATW even cheaper than Marsh did, with the stock trading as low as $54.33 at last check today which is 2.1% below Marsh's purchase price.
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.