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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Gaia, a filing with the SEC revealed that on Thursday, Director Paul Howard Sutherland bought 3,500 shares of GAIA, for a cost of $9.03 each, for a total investment of $31,603. Sutherland was up about 7.3% on the purchase at the high point of today's trading session, with GAIA trading as high as $9.69 at last check today. Gaia is trading down about 5% on the day Monday. Before this latest buy, Sutherland bought GAIA at 3 other times during the past twelve months, for a total cost of $56,867 at an average of $9.32 per share.
And at NetSol Technologies, there was insider buying on Thursday, by Director Naeem Ghauri who bought 5,000 shares at a cost of $5.12 each, for a total investment of $25,600. Before this latest buy, Ghauri bought NTWK on 5 other occasions during the past twelve months, for a total investment of $116,425 at an average of $6.42 per share. NetSol Technologies is trading off about 1% on the day Monday. Ghauri was up about 38.1% on the purchase at the high point of today's trading session, with NTWK trading as high as $7.07 at last check today.
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