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 two noteworthy recent insider buys.
At CSS Industries (NYSE:CSS), a filing with the SEC revealed that on Monday, Director Rebecca C. Matthias bought 20,100 shares of CSS, at a cost of $20.95 each, for a total investment of $421,017. Bargain hunters can grab CSS at a price even lower than Matthias did, with the stock trading as low as $19.04 in trading on Thursday which is 9.1% under Matthias's purchase price. CSS Industries is trading up about 2% on the day Thursday.
And at Hologic (NASDAQ:HOLX), there was insider buying on Tuesday, by Director Namal Nawana who purchased 6,600 shares at a cost of $37.88 each, for a trade totaling $250,023. Hologic is trading up about 2.1% on the day Thursday. So far Nawana is in the green, up about 2.6% on their purchase based on today's trading high of $38.87.
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.