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.
At Apollo Medical Holdings, a filing with the SEC revealed that on Monday, Brandon Sim purchased 6,000 shares of AMEH, for a cost of $17.23 each, for a total investment of $103,372. Apollo Medical Holdings is trading up about 2.3% on the day Friday. Before this latest buy, Sim purchased AMEH on 2 other occasions during the past twelve months, for a total investment of $179,700 at an average of $17.97 per share.
And also on Monday, CEO and President Thomas Alex Vetter purchased $102,000 worth of Cars.com, purchasing 12,000 shares at a cost of $8.50 each. Before this latest buy, Vetter made one other purchase in the past year, buying $95,782 shares for a cost of $5.77 a piece. Cars.com is trading off about 4% on the day Friday.
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.