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, Summit Financial Group (NASDAQ:SMMF)'s Director, Gary L. Hinkle, made a $200,000 buy of SMMF, purchasing 8,000 shares at a cost of $25.00 a piece. Hinkle was up about 5.4% on the buy at the high point of today's trading session, with SMMF trading as high as $26.35 at last check today. Summit Financial Group is trading up about 0.6% on the day Friday. Before this latest buy, Hinkle purchased SMMF at 2 other times during the past year, for a total investment of $38,819 at an average of $22.26 per share.
And on Monday, Director Rebecca L. Owen bought $150,775 worth of WillScot Corp (NASDAQ:WSC), buying 9,250 shares at a cost of $16.30 a piece. WillScot Corp is trading up about 0.4% on the day Friday. Bargain hunters are able to pick up WSC even cheaper than Owen did, with shares trading as low as $15.94 in trading on Friday which is 2.2% under Owen'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%.