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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Friday, Wyndham Destinations' Michael Dean Brown, made a $122,742 purchase of WYND, buying 4,500 shares at a cost of $27.28 a piece. Wyndham Destinations is trading down about 2% on the day Friday. Before this latest buy, Brown bought WYND on 3 other occasions during the past twelve months, for a total cost of $498,046 at an average of $29.30 per share.
And on Thursday, Chief Financial Officer Daniel J. Moorhead purchased $49,495 worth of Zynex, purchasing 2,733 shares at a cost of $18.11 a piece. Zynex is trading up about 1.4% on the day Friday. So far Moorhead is in the green, up about 9.4% on their purchase based on today's trading high of $19.81.
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.