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.
On Monday, Dare Bioscience (NASDAQ:DARE)'s Director, Roger Hawley, made a $203,378 purchase of DARE, buying 140,000 shares at a cost of $1.45 a piece. Investors are able to grab DARE at a price even lower than Hawley did, with the stock trading as low as $1.35 in trading on Wednesday which is 7.1% below Hawley's purchase price. Dare Bioscience is trading up about 1.6% on the day Wednesday.
And also on Monday, Chairman of the Board Robert S. Greer Jr. bought $124,453 worth of Business First Bancshares (NASDAQ:BFST), buying 5,000 shares at a cost of $24.89 each. Business First Bancshares is trading up about 1.9% on the day Wednesday. So far Greer Jr. is in the green, up about 0.8% on their purchase based on today's trading high of $25.08.
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