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 Monday, ACNB's Director, David L. Sites, made a $268,071 buy of ACNB, purchasing 7,685 shares at a cost of $34.88 a piece. Investors can grab ACNB even cheaper than Sites did, with shares changing hands as low as $33.54 at last check today -- that's 3.8% below Sites's purchase price. ACNB is trading up about 0.5% on the day Wednesday. This purchase marks the first one filed by Sites in the past year.
And also on Monday, Director Andrea Biffi bought $187,512 worth of TransEnterix, buying 151,219 shares at a cost of $1.24 each. This purchase marks the first one filed by Biffi in the past twelve months. TransEnterix is trading up about 3.5% on the day Wednesday. Investors are able to pick up TRXC at a price even lower than Biffi did, with shares changing hands as low as $1.15 in trading on Wednesday which is 7.3% below Biffi'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.