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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Genesis Energy, a filing with the SEC revealed that on Monday, President of Genesis Alkali, Edward T. Flynn bought 20,000 shares of GEL, for a cost of $10.02 each, for a total investment of $200,400. Investors are able to pick up GEL at a price even lower than Flynn did, with the stock trading as low as $9.35 in trading on Tuesday which is 6.7% below Flynn's purchase price. Genesis Energy is trading up about 3.3% on the day Tuesday.
And at Savara, there was insider buying on Tuesday, by Director David A. Ramsay who bought 135,000 shares for a cost of $1.39 each, for a total investment of $187,093. Before this latest buy, Ramsay bought SVRA at 11 other times during the past year, for a total investment of $926,626 at an average of $1.23 per share. Savara Inc is trading up about 6.6% 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.
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%.