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.
At Cooper Companies, a filing with the SEC revealed that on Wednesday, CEO Albert G. White III purchased 1,000 shares of COO, for a cost of $278.23 each, for a total investment of $278,230. Cooper Companies is trading up about 4.2% on the day Thursday. This buy marks the first one filed by White III in the past twelve months.
And at Raven Industries, there was insider buying on Wednesday, by Director Jason M. Andringa who purchased 3,000 shares for a cost of $20.17 each, for a total investment of $60,517. Before this latest buy, Andringa made one other buy in the past twelve months, purchasing $59,175 shares at a cost of $20.91 a piece. Raven Industries is trading down about 1.2% on the day 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%.