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 Savara, a filing with the SEC revealed that on Wednesday, Director David A. Ramsay bought 100,000 shares of SVRA, for a cost of $1.38 each, for a total investment of $138,380. So far Ramsay is in the green, up about 8.4% on their purchase based on today's trading high of $1.50. Savara is trading up about 0.7% on the day Thursday. Before this latest buy, Ramsay purchased SVRA at 8 other times during the past twelve months, for a total cost of $705,212 at an average of $1.16 per share.
And on Tuesday, CFO Aaron E. Alt bought $80,090 worth of Sysco, buying 1,000 shares at a cost of $80.09 each. Sysco is trading up about 1.4% on the day Thursday. Bargain hunters have the opportunity to snag SYY at a price even lower than Alt did, with the stock changing hands as low as $79.06 at last check today which is 1.3% below Alt's purchase price.
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.