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 At Home Group (NYSE:HOME), a filing with the SEC revealed that on Wednesday, Director Philip L. Francis bought 10,000 shares of HOME, at a cost of $26.50 each, for a total investment of $265,000. Bargain hunters have the opportunity to buy HOME even cheaper than Francis did, with shares trading as low as $25.36 in trading on Thursday — that's 4.3% under Francis's purchase price. At Home Group is trading up about 0.6% on the day Thursday.
And at Bank Of Commerce Holdings (NASDAQ:BOCH), there was insider buying on Wednesday, by Director Lyle L. Tullis who purchased 20,000 shares for a cost of $11.54 each, for a total investment of $230,800. Before this latest buy, Tullis bought BOCH on 2 other occasions during the past year, for a total cost of $100,078 at an average of $11.44 per share. Bank Of Commerce Holdings is trading up about 0.4% on the day Thursday. Investors have the opportunity to buy BOCH even cheaper than Tullis did, with the stock trading as low as $11.33 at last check today which is 1.8% under Tullis's purchase price.
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