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 Carnival, a filing with the SEC revealed that on Wednesday, Director Randall J. Weisenburger purchased 100,000 shares of CCL, for a cost of $11.76 each, for a total investment of $1.18M. Weisenburger was up about 18.1% on the buy at the high point of today's trading session, with CCL trading as high as $13.88 in trading on Friday. Carnival is trading up about 4.8% on the day Friday.
And on Tuesday, Director Jeffrey Keenan purchased $264,060 worth of Schweitzer-Mauduit International, purchasing 10,000 shares at a cost of $26.41 a piece. Before this latest buy, Keenan purchased SWM on 6 other occasions during the past twelve months, for a total investment of $1.43M at an average of $26.89 per share. Schweitzer-Mauduit International is trading up about 1.7% on the day Friday. Keenan was up about 4.9% on the purchase at the high point of today's trading session, with SWM trading as high as $27.70 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.