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.
On Thursday, Gold Resource's Director, Kimberly C. Perry, made a $64,800 purchase of GORO, buying 20,000 shares at a cost of $3.24 each. So far Perry is in the green, up about 12.7% on their purchase based on today's trading high of $3.65. Gold Resource is trading off about 1.1% on the day Tuesday.
And at Super League Gaming, there was insider buying on Thursday, by Mark Jung who bought 6,044 shares at a cost of $8.19 each, for a trade totaling $49,472. Before this latest buy, Jung made one other buy in the past twelve months, purchasing $23,474 shares for a cost of $7.94 a piece. Super League Gaming is trading down about 2% on the day Tuesday.
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.