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, Black Hills', Kathleen S. McAllister, made a $123,718 purchase of BKH, buying 2,000 shares at a cost of $61.86 a piece. Bargain hunters can buy BKH even cheaper than McAllister did, with the stock trading as low as $59.51 in trading on Thursday which is 3.8% below McAllister's purchase price. Black Hills is trading off about 1.1% on the day Thursday. Before this latest buy, McAllister bought BKH on 2 other occasions during the past year, for a total cost of $107,982 at an average of $53.99 per share.
And on Wednesday, EXECUTIVE VICE PRESIDENT Anthony Kenneth Ramos bought $100,392 worth of Central Valley Community Bancorp, buying 7,000 shares at a cost of $14.34 each. This purchase marks the first one filed by Ramos in the past twelve months. Central Valley Community Bancorp is trading up about 2.9% on the day Thursday. So far Ramos is in the green, up about 3.5% on their buy based on today's trading high of $14.84.
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