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 MetLife, a filing with the SEC revealed that on Wednesday, Director Gerald L. Hassell bought 10,000 shares of MET, for a cost of $46.18 each, for a total investment of $461,800. Hassell was up about 2.0% on the buy at the high point of today's trading session, with MET trading as high as $47.09 at last check today. MetLife is trading up about 0.3% on the day Monday. This purchase marks the first one filed by Hassell in the past twelve months.
And at American Homes 4 Rent, there was insider buying on Wednesday, by Director B. Wayne ET AL Hughes who purchased 19,320 shares at a cost of $20.70 each, for a total investment of $399,924. Before this latest buy, Hughes purchased AMH at 2 other times during the past twelve months, for a total cost of $45.09M at an average of $21.86 per share. American Homes 4 Rent is trading down about 2% on the day Monday.
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