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 Entercom Communications Corp (ETM), a filing with the SEC revealed that on Tuesday, Chairman Emeritus Joseph M. Field bought 500,000 shares of ETM, for a cost of $9.92 each, for a total investment of $4.96M. Entercom Communications Corp is trading down about 0.5% on the day Wednesday. Before this latest buy, Field bought ETM at 9 other times during the past year, for a total cost of $9.87M at an average of $10.60 per share.
And also on Tuesday, Chief Executive Officer Timothy W. Sullivan purchased $2.25M worth of REV Group (NYSE:REVG), purchasing 100,000 shares at a cost of $22.52 each. REV Group is trading up about 4.5% on the day Wednesday. So far Sullivan is in the green, up about 2.6% on their buy based on today's trading high of $23.12.
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 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.