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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Byrna Technologies, a filing with the SEC revealed that on Monday, CEO Bryan Ganz purchased 17,000 shares of BYRN, at a cost of $3.19 each, for a total investment of $54,193. So far Ganz is in the green, up about 29.9% on their purchase based on today's trading high of $4.14. Byrna Technologies is trading off about 2.7% on the day Wednesday.
And on Friday, Chief Operating Officer John Purpura bought $49,897 worth of Delcath Systems, buying 14,505 shares at a cost of $3.44 a piece. Delcath Systems is trading up about 1% on the day Wednesday. Purpura was up about 14.0% on the buy at the high point of today's trading session, with DCTH trading as high as $3.92 at last check today.
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%.