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.
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.