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.
On Thursday, Comstock Resources', Jim L. Turner, made a $354,855 buy of CRK, purchasing 75,000 shares at a cost of $4.73 a piece. Turner was up about 6.7% on the buy at the high point of today's trading session, with CRK trading as high as $5.05 in trading on Tuesday. Comstock Resources is trading down about 0.1% on the day Tuesday.
And at Preferred Apartment Communities, there was insider buying on Thursday, by Director Daniel M. Dupree who purchased 50,000 shares at a cost of $6.18 each, for a trade totaling $308,950. Before this latest buy, Dupree bought APTS at 4 other times during the past twelve months, for a total cost of $695,000 at an average of $9.52 per share. Preferred Apartment Communities is trading up about 0.7% on the day Tuesday. So far Dupree is in the green, up about 19.3% on their buy based on today's trading high of $7.37.
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%.