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.
On Friday, Alamo Group's Director, Eric Etchart, made a $88,295 buy of ALG, purchasing 500 shares at a cost of $176.59 each. Investors can bag ALG even cheaper than Etchart did, with shares changing hands as low as $167.44 in trading on Tuesday which is 5.2% under Etchart's purchase price. Alamo Group, is trading down about 4.7% on the day Tuesday. This buy marks the first one filed by Etchart in the past year.
And at Ambac Financial Group, there was insider buying on Friday, by Chief Executive Officer Claude Leblanc who purchased 2,500 shares for a cost of $13.29 each, for a total investment of $33,225. Ambac Financial Group, is trading down about 2.5% on the day Tuesday. Investors are able to bag AMBC even cheaper than Leblanc did, with shares trading as low as $12.76 at last check today -- that's 4.0% under Leblanc'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.
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 8.3%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.3%.