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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Wednesday, Pathfinder Bancorp (NASDAQ:PBHC)'s First Vice President, Robert G. Butkowski Jr., made a $65,780 purchase of PBHC, buying 4,600 shares at a cost of $14.30 a piece. Pathfinder Bancorp is trading up about 0.3% on the day Friday. Before this latest buy, Butkowski Jr. made one other purchase in the past twelve months, buying $5,754 shares for a cost of $14.00 each.
And also on Wednesday, Director Fuad El-hibri bought $16,058 worth of Aptevo Therapeutics (NASDAQ:APVO), buying 18,919 shares at a cost of $0.85 a piece. This buy marks the first one filed by El-hibri in the past twelve months. Aptevo Therapeutics is trading up about 0.6% on the day Friday. So far El-hibri is in the green, up about 2.5% on their purchase based on today's trading high of $0.87.
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.