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 Blue Foundry Bancorp, a filing with the SEC revealed that on Monday, Director Robert Thomas Goldstein purchased 17,500 shares of BLFY, at a cost of $13.56 each, for a total investment of $237,318. So far Goldstein is in the green, up about 2.6% on their buy based on today's trading high of $13.92. Blue Foundry Bancorp is trading off about 0.2% on the day Thursday. Before this latest buy, Goldstein made one other buy in the past twelve months, purchasing $92,700 shares at a cost of $12.36 a piece.
And at Phibro Animal Health, there was insider buying on Monday, by Director E. Thomas Corcoran who purchased 5,000 shares for a cost of $23.68 each, for a total investment of $118,400. Phibro Animal Health is trading up about 5.2% on the day Thursday. Corcoran was up about 7.8% on the buy at the high point of today's trading session, with PAHC trading as high as $25.53 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.
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%.