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 Friday, DSP Group (DSPG)'s Director, Cynthia Paul, made a $1.02M buy of DSPG, purchasing 86,421 shares at a cost of $11.79 a piece. Bargain hunters are able to snag DSPG even cheaper than Paul did, with the stock changing hands as low as $11.53 at last check today which is 2.3% under Paul's purchase price. DSP Group is trading up about 0.7% on the day Tuesday. Before this latest buy, Paul made one other buy in the past twelve months, purchasing $232,892 shares for a cost of $11.97 a piece.
And on Tuesday, Director John Fichthorn bought $378,919 worth of Health Insurance Innovations (HIIQ), buying 11,162 shares at a cost of $33.95 a piece. Health Insurance Innovations is trading down about 1.8% on the day Tuesday.
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%.