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 Mack Cali Realty, a filing with the SEC revealed that on Thursday, Director A. Akiva Katz bought 345,963 shares of CLI, at a cost of $15.52 each, for a total investment of $5.37M. So far Katz is in the green, up about 8.2% on their purchase based on today's trading high of $16.80. Mack Cali Realty is trading up about 3.6% on the day Tuesday. Before this latest buy, Katz made one other buy in the past twelve months, purchasing $6.41M shares at a cost of $14.51 each.
And on Monday, Director Julia S. Gouw purchased $735,000 worth of Vizio Holding, purchasing 35,000 shares at a cost of $21.00 a piece. This purchase marks the first one filed by Gouw in the past twelve months. Vizio Holding is trading up about 0.3% on the day Tuesday. So far Gouw is in the green, up about 5.4% on their purchase based on today's trading high of $22.13.
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%.