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 Custom Truck One Source, a filing with the SEC revealed that on Thursday, Director Mark Ein bought 1,000,000 shares of CTOS, for a cost of $5.00 each, for a total investment of $5M. So far Ein is in the green, up about 94.8% on their buy based on today's trading high of $9.74. Custom Truck One Source is trading up about 4.6% on the day Tuesday. This buy marks the first one filed by Ein in the past year.
And at HireQuest, there was insider buying on Thursday, by Lawrence F. Hagenbuch who bought 4,500 shares for a cost of $17.22 each, for a total investment of $77,490. Before this latest buy, Hagenbuch bought HQI on 2 other occasions during the past year, for a total investment of $121,133 at an average of $7.38 per share. HireQuest is trading trading flat on the day Tuesday. Hagenbuch was up about 8.9% on the buy at the high point of today's trading session, with HQI trading as high as $18.75 at last check today.
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.
Launch related slideshow:
Monday 4/19 Insider Buying Report: TTCF, AHT
Friday 4/16 Insider Buying Report: VOLT, XPL
Wednesday 4/14 Insider Buying Report: RAPT, EIGR
Nasdaq 100 Movers: TSLA, TCOM
S&P 500 Movers: TSLA, ALB
Dow Movers: NKE, DIS
S&P 500 Analyst Moves: TMUS
Dow Analyst Moves: NKE
S&P 500 Analyst Moves: FDX
Monday Sector Leaders: Shipping, Railroads
Monday Sector Laggards: Semiconductors, Metals & Mining Stocks
Friday Sector Laggards: Biotechnology, Drugs
Monday's ETF with Unusual Volume: PSMC
Monday's ETF Movers: LIT, PBW
JNK, FYC: Big ETF Outflows
Daily Dividend Report: NRG,VLO,CAG,SJM,KNX
Daily Dividend Report: AON,OKE,ED,ATR,IDA
Daily Dividend Report: CE,PPG,COST,NNN,CSWI
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015