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 StarTek (NYSE:SRT), a filing with the SEC revealed that on Friday, Director Mukesh Sharda bought 274,064 shares of SRT, at a cost of $7.48 each, for a total investment of $2.05M. So far Sharda is in the green, up about 14.3% on their buy based on today's trading high of $8.55. StarTek is trading up about 0.9% on the day Wednesday.
And at Waitr Holdings (WTRH), there was insider buying on Tuesday, by CEO and Chairman Christopher Meaux who purchased 135,135 shares for a cost of $7.40 each, for a trade totaling $999,999. Waitr Holdings is trading up about 5.8% on the day Wednesday. Bargain hunters can snag WTRH even cheaper than Meaux did, with shares trading as low as $6.97 in trading on Wednesday which is 5.8% below Meaux'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.
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%.