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 Tuesday, Lakeland Financial Corp (NASDAQ:LKFN)'s Director, M. Scott Welch, made a $1.14M purchase of LKFN, buying 25,000 shares at a cost of $45.64 each. Welch was up about 2.4% on the purchase at the high point of today's trading session, with LKFN trading as high as $46.75 in trading on Wednesday. Lakeland Financial Corp is trading up about 0.5% on the day Wednesday. Before this latest buy, Welch bought LKFN at 3 other times during the past twelve months, for a total investment of $708,348 at an average of $42.25 per share.
And on Monday, Robert J. Bishop bought $1.03M worth of Unifi (NYSE:UFI), buying 29,329 shares at a cost of $35.22 a piece. Before this latest buy, Bishop bought UFI at 7 other times during the past twelve months, for a total investment of $1.41M at an average of $30.04 per share. Unifi is trading up about 0.7% on the day Wednesday.
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 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.