As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let's look at two noteworthy recent insider buys.
At The Charles Schwab Corporation (NYSE:SCHW), a filing with the SEC revealed that on Wednesday, CEO Walter W. Bettinger bought 124,669 shares of SCHW, for a cost of $38.81 each, for a total investment of $4.84M. Bettinger was up about 7.2% on the purchase at the high point of today's trading session, with SCHW trading as high as $41.62 at last check today. The Charles Schwab Corporation is trading up about 0.5% on the day Friday. This purchase marks the first one filed by Bettinger in the past twelve months.
And at Front Yard Residential Corp (RESI), there was insider buying on Wednesday, by Park Road Management Company, LP Deer who bought 400,000 shares for a cost of $8.42 each, for a trade totaling $3.37M. Before this latest buy, Deer bought RESI at 2 other times during the past twelve months, for a total investment of $4.85M at an average of $8.82 per share. Front Yard Residential Corp is trading up about 0.7% on the day Friday.
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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.