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 Kontoor Brands, a filing with the SEC revealed that on Friday, CEO Scott H. Baxter bought 10,000 shares of KTB, at a cost of $53.24 each, for a total investment of $532,400. Baxter was up about 7.8% on the purchase at the high point of today's trading session, with KTB trading as high as $57.37 at last check today. Kontoor Brands is trading up about 3.8% on the day Wednesday. This buy marks the first one filed by Baxter in the past twelve months.
And at ON24, there was insider buying on Friday, by Barry Zwarenstein who bought 25,000 shares at a cost of $20.45 each, for a total investment of $511,188. This buy marks the first one filed by Zwarenstein in the past year. ON24 is trading trading flat on the day Wednesday. Zwarenstein was up about 9.8% on the purchase at the high point of today's trading session, with ONTF trading as high as $22.46 in trading on Wednesday.
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 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.