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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Sunoco, a filing with the SEC revealed that on Thursday, CEO Joseph Kim bought 5,000 shares of SUN, for a cost of $50.50 each, for a total investment of $252,516. Investors can grab SUN at a price even lower than Kim did, with shares changing hands as low as $49.91 at last check today -- that's 1.2% under Kim's purchase price. Sunoco is trading trading flat on the day Tuesday. This purchase marks the first one filed by Kim in the past twelve months.
And also on Thursday, Chief Executive Officer Anthony Noto purchased $199,933 worth of SoFi Technologies, purchasing 28,900 shares at a cost of $6.92 each. Before this latest buy, Noto bought SOFI on 4 other occasions during the past year, for a total cost of $842,833 at an average of $6.79 per share. SoFi Technologies is trading up about 0.5% 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.
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 8.3%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.3%.
ValueForum is the gold standard. 
Free Email Alerts By Stock:
Launch related slideshow:
Monday 7/7 Insider Buying Report: EXOZ, IAF
Thursday 7/3 Insider Buying Report: FUND, FGEN
Wednesday 7/2 Insider Buying Report: SPG, MPTI
Nasdaq 100 Movers: TSLA, BKNG
S&P 500 Movers: TSLA, PEG
Dow Movers: SHW, NKE
Dow Analyst Moves: HON
Dow Analyst Moves: SHW
Dow Analyst Moves: PG
Thursday Sector Laggards: General Contractors & Builders, Precious Metals
Thursday Sector Leaders: Application Software, Semiconductors
Wednesday Sector Leaders: Biotechnology, Railroads
Monday's ETF with Unusual Volume: FBDC
Monday's ETF Movers: KWEB, SVOL
SCHP, LIAT: Big ETF Outflows
Daily Dividend Report: CVS, FOUR, MMS, AMRK
Daily Dividend Report: PNC,MLAB,HCI,GFL,PNNT
Daily Dividend Report: UMH,ARR,TBLD,OZK,XFLT
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015