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.
On Friday, Matson (NYSE:MATX)'s Director, Mark H. Fukunaga, made a $144,970 buy of MATX, purchasing 4,000 shares at a cost of $36.24 a piece. Fukunaga was up about 2.1% on the buy at the high point of today's trading session, with MATX trading as high as $37.02 at last check today. Matson is trading down about 0.2% on the day Wednesday. Before this latest buy, Fukunaga made one other buy in the past year, purchasing $105,590 shares for a cost of $35.20 each.
And also on Friday, Director Todd M. Cleveland bought $100,414 worth of IES Holdings (NASDAQ:IESC), buying 5,304 shares at a cost of $18.93 a piece. This buy marks the first one filed by Cleveland in the past twelve months. IES Holdings is trading up about 0.3% on the day Wednesday. So far Cleveland is in the green, up about 2.5% on their purchase based on today's trading high of $19.40.
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 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.