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 OSI Systems, a filing with the SEC revealed that on Tuesday, Director Meyer bought 20,000 shares of OSIS, at a cost of $56.78 each, for a total investment of $1.14M. Meyer was up about 6.8% on the buy at the high point of today's trading session, with OSIS trading as high as $60.65 in trading on Friday. OSI Systems is trading up about 4% on the day Friday.
And on Thursday, CEO Douglas A. Pertz bought $729,100 worth of Brinks, buying 10,000 shares at a cost of $72.91 a piece. Before this latest buy, Pertz bought BCO at 7 other times during the past twelve months, for a total investment of $3.89M at an average of $56.54 per share. Brinks is trading up about 2.6% on the day Friday. So far Pertz is in the green, up about 5.2% on their buy based on today's trading high of $76.70.
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.