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 Tuesday, Nesco Holdings' Director, Gerard E. Holthaus, made a $62,610 purchase of NSCO, buying 25,071 shares at a cost of $2.50 a piece. So far Holthaus is in the green, up about 18.1% on their purchase based on today's trading high of $2.95. Nesco Holdings is trading up about 1.1% on the day Thursday. Before this latest buy, Holthaus made one other buy in the past twelve months, purchasing $62,610 shares for a cost of $2.50 a piece.
And on Monday, Chief Executive Officer Andrew B. Benett purchased $36,040 worth of Harte Hanks, purchasing 15,500 shares at a cost of $2.33 each. Before this latest buy, Benett bought HHS at 2 other times during the past twelve months, for a total investment of $132,546 at an average of $2.55 per share. Harte Hanks is trading up about 17.6% on the day Thursday. Benett was up about 35.0% on the buy at the high point of today's trading session, with HHS trading as high as $3.14 in trading on Thursday.
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%.