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.
On Monday, Trinity Capital's Executive Chairman, Steve Louis Brown, made a $253,951 purchase of TRIN, buying 19,350 shares at a cost of $13.12 a piece. So far Brown is in the green, up about 5.4% on their buy based on today's trading high of $13.84. Trinity Capital is trading up about 0.7% on the day Thursday.
And at O-I Glass, there was insider buying on Monday, by SVP, Chief Admin & Sus Officer Randolph L. Burns who bought 13,000 shares at a cost of $11.38 each, for a total investment of $147,943. O-I Glass is trading down about 0.3% on the day Thursday. Burns was up about 14.9% on the buy at the high point of today's trading session, with OI trading as high as $13.08 in trading on Thursday.
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