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 ManpowerGroup, a filing with the SEC revealed that on Wednesday, Director William Downe bought 4,000 shares of MAN, at a cost of $81.21 each, for a total investment of $324,840. ManpowerGroup Inc is trading up about 1.5% on the day Friday.
And at Tile Shop Holdings, there was insider buying on Wednesday, by Director Todd Krasnow who bought 40,000 shares at a cost of $6.06 each, for a total investment of $242,500. Before this latest buy, Krasnow purchased TTS at 2 other times during the past year, for a total cost of $201,100 at an average of $6.70 per share. Tile Shop Holdings is trading off about 1.5% on the day Friday. Investors have the opportunity to grab TTS at a price even lower than Krasnow did, with the stock trading as low as $5.91 at last check today — that's 2.5% below Krasnow's purchase price.
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