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.
On Friday, VICI Properties' Director, James R. Abrahamson, made a $228,625 buy of VICI, purchasing 7,750 shares at a cost of $29.50 each. So far Abrahamson is in the green, up about 1.4% on their purchase based on today's trading high of $29.90. VICI Properties is trading up about 0.4% on the day Tuesday. Before this latest buy, Abrahamson purchased VICI at 2 other times during the past twelve months, for a total cost of $495,024 at an average of $27.05 per share.
And at Herbalife Nutrition, there was insider buying on Friday, by CEO John O. Agwunobi who bought 5,000 shares for a cost of $44.90 each, for a trade totaling $224,516. Before this latest buy, Agwunobi made one other buy in the past twelve months, purchasing $250,565 shares for a cost of $48.19 each. Herbalife Nutrition is trading up about 0.2% on the day Tuesday.
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.