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 Burke Herbert Financial Services, a filing with the SEC revealed that on Friday, Director Shawn Patrick McLaughlin purchased 1,400 shares of BHRB, at a cost of $49.85 each, for a total investment of $69,794. McLaughlin was up about 3.8% on the purchase at the high point of today's trading session, with BHRB trading as high as $51.75 at last check today. Burke Herbert Financial Services is trading trading flat on the day Wednesday.
And at Spire, there was insider buying on Friday, by Treasurer Adam W. Woodard who purchased 1,000 shares at a cost of $58.70 each, for a total investment of $58,700. This purchase marks the first one filed by Woodard in the past year. Spire is trading up about 1.1% on the day Wednesday. Investors have the opportunity to grab SR at a price even lower than Woodard did, with shares trading as low as $57.29 at last check today -- that's 2.4% under Woodard'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 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.