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 Blackrock Capital Allocation Trusthares, a filing with the SEC revealed that on Thursday, Richard M. Rieder purchased 100,000 shares of BCAT, at a cost of $20.00 each, for a total investment of $2M. So far Rieder is in the green, up about 1.1% on their purchase based on today's trading high of $20.22. Blackrock Capital Allocation Trustharesis trading down about 0.3% on the day Tuesday. This purchase marks the first one filed by Rieder in the past year.
And at PBF Energy, there was insider buying on Monday, by Chief Executive Officer Thomas J. Nimbley who bought 50,000 shares at a cost of $5.92 each, for a trade totaling $296,195. PBF Energy is trading off about 0.5% on the day Tuesday.
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.