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.
At Hudson Pacific Properties, a filing with the SEC revealed that on Friday, Director Mark David Linehan bought 7,500 shares of HPP, at a cost of $11.67 each, for a total investment of $87,525. Bargain hunters have the opportunity to snag HPP even cheaper than Linehan did, with the stock changing hands as low as $10.84 in trading on Wednesday which is 7.1% under Linehan's purchase price. Hudson Pacific Properties is trading up about 7.4% on the day Wednesday. This purchase marks the first one filed by Linehan in the past year.
And on Tuesday, CEO Jeffery R. Gardner purchased $83,394 worth of CalAmp, purchasing 20,000 shares at a cost of $4.17 each. Before this latest buy, Gardner bought CAMP at 7 other times during the past year, for a total cost of $412,564 at an average of $4.97 per share. CalAmp is trading up about 5.2% on the day Wednesday. So far Gardner is in the green, up about 7.8% on their buy based on today's trading high of $4.50.
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%.