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 BILL Holdings, a filing with the SEC revealed that on Monday, Director David Hornik bought 17,710 shares of BILL, at a cost of $56.49 each, for a total investment of $1.00M. So far Hornik is in the green, up about 9.2% on their buy based on today's trading high of $61.70. BILL Holdings is trading down about 1% on the day Thursday.
And on Wednesday, CEO Darren Lampert purchased $993,868 worth of GrowGeneration, purchasing 496,000 shares at a cost of $2.00 a piece. This buy marks the first one filed by Lampert in the past year. GrowGeneration is trading up about 4% on the day Thursday. Lampert was up about 31.3% on the buy at the high point of today's trading session, with GRWG trading as high as $2.63 in trading on Thursday.
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%.