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.
At OFS Credit Company (NASDAQ:OCCI), a filing with the SEC revealed that on Wednesday, CFO Jeffrey A. Cerny bought 77,500 shares of OCCI, at a cost of $20.00 each, for a total investment of $1.55M. Bargain hunters have the opportunity to bag OCCI even cheaper than Cerny did, with shares trading as low as $18.29 at last check today — that's 8.6% below Cerny's purchase price. OFS Credit Company is trading up about 1.1% on the day Thursday.
And also on Wednesday, Director Susan Wojcicki bought $880,216 worth of Salesforce.com (NYSE:CRM), buying 6,000 shares at a cost of $146.70 each. Before this latest buy, Wojcicki bought CRM on 9 other occasions during the past twelve months, for a total investment of $7.16M at an average of $132.66 per share. Salesforce.com is trading up about 1.6% on the day Thursday. Bargain hunters have the opportunity to grab CRM at a price even lower than Wojcicki did, with the stock changing hands as low as $136.45 at last check today which is 7.0% under Wojcicki's purchase price.
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