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.
On Friday, Globalstar's Director, James F. Lynch, made a $1.75M buy of GSAT, purchasing 1,320,000 shares at a cost of $1.32 a piece. Globalstar is trading up about 4.5% on the day Monday. Before this latest buy, Lynch purchased GSAT on 3 other occasions during the past twelve months, for a total cost of $3.09M at an average of $1.77 per share.
And at Envestnet, there was insider buying on Thursday, by Director Lauren Taylor Wolfe who purchased 31,162 shares for a cost of $52.19 each, for a trade totaling $1.63M. Envestnet is trading up about 0.8% on the day Monday. Wolfe was up about 7.0% on the purchase at the high point of today's trading session, with ENV trading as high as $55.84 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%.
Free Email Alerts By Stock:
Launch related slideshow:
