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.
At HC2 Holdings (HCHC), a filing with the SEC revealed that on Friday, Director Wayne Barr Jr. bought 200,000 shares of HCHC, at a cost of $5.35 each, for a total investment of $1.07M. HC2 Holdings is trading off about 0.2% on the day Tuesday. This purchase marks the first one filed by Barr Jr. in the past year.
And on Monday, President Juan C. Jaen bought $999,990 worth of Arcus Biosciences (NYSE:RCUS), buying 66,666 shares at a cost of $15.00 each. This purchase marks the first one filed by Jaen in the past twelve months. Arcus Biosciences is trading off about 2.4% on the day Tuesday. So far Jaen is in the green, up about 12.3% on their buy based on today's trading high of $16.85.
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.