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 NewtekOne, a filing with the SEC revealed that on Monday, CEO Barry Sloane bought 5,232 shares of NEWT, at a cost of $12.99 each, for a total investment of $67,967. So far Sloane is in the green, up about 4.2% on their purchase based on today's trading high of $13.53. NewtekOne is trading down about 0.5% on the day Tuesday. Before this latest buy, Sloane bought NEWT at 9 other times during the past year, for a total investment of $474,555 at an average of $13.96 per share.
And at TC Bancshares, there was insider buying on Monday, by Director Joshua Travis Bryant who purchased 5,000 shares at a cost of $13.00 each, for a trade totaling $65,000. Before this latest buy, Bryant bought TCBC on 3 other occasions during the past twelve months, for a total investment of $72,525 at an average of $14.39 per share. TC Bancsharesis trading off about 0.7% on the day Tuesday.
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.
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%.