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 Cadence Bancorporation (NYSE:CADE), a filing with the SEC revealed that on Wednesday, Director William B. Harrison Jr. bought 23,000 shares of CADE, at a cost of $21.72 each, for a total investment of $499,447. Cadence Bancorporation is trading up about 1.9% on the day Monday.
And at PolyOne Corp. (NYSE:POL), there was insider buying on Thursday, by Director Robert E. Abernathy who bought 10,000 shares for a cost of $30.64 each, for a total investment of $306,422. PolyOne Corp. is trading up about 3.9% on the day Monday. Abernathy was up about 5.6% on the buy at the high point of today's trading session, with POL trading as high as $32.36 in trading on Monday.
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.