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 Thor Industries, a filing with the SEC revealed that on Monday, Director James L. Ziemer purchased 3,545 shares of THO, at a cost of $57.23 each, for a total investment of $202,880. Thor Industries is trading up about 0.6% on the day Wednesday. Before this latest buy, Ziemer made one other buy in the past twelve months, purchasing $408,700 shares for a cost of $81.74 each.
And on Friday, Director Timothy K. Woofter bought $1,500 worth of Cortland Bancorp, buying 63 shares at a cost of $23.89 each. Before this latest buy, Woofter purchased CLDB at 8 other times during the past year, for a total cost of $13,454 at an average of $22.44 per share. Cortland Bancorp is trading trading flat on the day Wednesday. Investors can snag CLDB even cheaper than Woofter did, with the stock changing hands as low as $23.05 in trading on Wednesday which is 3.5% below Woofter'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.