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 Berkshire Hathaway, a filing with the SEC revealed that on Thursday, Vice Chair Gregory Abel bought 23 shares of BRK.A, at a cost of $408005.87 each, for a total investment of $9.38M. Abel was up about 3.9% on the buy at the high point of today's trading session, with BRK.A trading as high as $423810.00 in trading on Tuesday. Berkshire Hathaway is trading up about 2.1% on the day Tuesday. Before this latest buy, Abel bought BRK.A on 3 other occasions during the past year, for a total investment of $58.95M at an average of $406527.08 per share.
And at MillerKnoll, there was insider buying on Monday, by CEO Andrea Owen who purchased 60,606 shares at a cost of $16.88 each, for a total investment of $1.02M. MillerKnoll is trading up about 8.3% on the day Tuesday. So far Owen is in the green, up about 9.8% on their buy based on today's trading high of $18.54.
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 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.