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.
On Wednesday, William Penn Bancorporation's CEO, Kenneth John Stephon, made a $100,108 purchase of WMPN, buying 8,413 shares at a cost of $11.90 a piece. William Penn Bancorporation is trading up about 2.9% on the day Thursday. Before this latest buy, Stephon bought WMPN on 2 other occasions during the past twelve months, for a total investment of $286,126 at an average of $10.33 per share.
And also on Wednesday, Director Marcus Boehm purchased $14,624 worth of Vyant Bio, purchasing 5,000 shares at a cost of $2.92 each. Before this latest buy, Boehm made one other buy in the past twelve months, purchasing $37,224 shares for a cost of $3.72 a piece. Vyant Bio is trading up about 0.7% on the day Thursday. Boehm was up about 6.4% on the purchase at the high point of today's trading session, with VYNT trading as high as $3.11 at last check today.
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