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 FinTech Acquisition Corp II (FNTE), a filing with the SEC revealed that on Friday, Director Betsy Z. Cohen purchased 500,000 shares of FNTE, for a cost of $10.05 each, for a total investment of $5.03M. FinTech Acquisition Corp II is trading up about 0.3% on the day Monday.
And at Marriott Vacations Worldwide Corp. (NYSE:VAC), there was insider buying on Thursday, by CEO Stephen P. Weisz who purchased 3,500 shares at a cost of $108.43 each, for a total investment of $379,505. Before this latest buy, Weisz made one other purchase in the past year, buying $478,276 shares at a cost of $117.86 a piece. Marriott Vacations Worldwide Corp. is trading up about 1.3% on the day Monday. So far Weisz is in the green, up about 5.9% on their purchase based on today's trading high of $114.82.
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.