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 NCI Building Systems (NCS), a filing with the SEC revealed that on Monday, CEO James S. Metcalf purchased 100,000 shares of NCS, at a cost of $7.09 each, for a total investment of $709,000. NCI Building Systems is trading down about 1.5% on the day Thursday.
And at KLX Energy Services Holdings (NASDAQ:KLXE), there was insider buying on Monday, by VP and General Manager Gary J. Roberts who purchased 21,421 shares at a cost of $21.92 each, for a trade totaling $469,548. Before this latest buy, Roberts purchased KLXE at 2 other times during the past year, for a total cost of $3.18M at an average of $29.82 per share. KLX Energy Services Holdings is trading up about 0.5% on the day Thursday. So far Roberts is in the green, up about 24.6% on their buy based on today's trading high of $27.31.
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.