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 dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Thursday, Dave & Busters Entertainment's Interim CEO, Kevin M. Sheehan, made a $961,397 purchase of PLAY, buying 37,735 shares at a cost of $25.48 each. Sheehan was up about 9.4% on the purchase at the high point of today's trading session, with PLAY trading as high as $27.88 in trading on Friday. Dave & Busters Entertainment is trading up about 7.9% on the day Friday.
And also on Thursday, Director Mark A. Weinberger bought $147,220 worth of Johnson & Johnson, buying 1,000 shares at a cost of $147.22 a piece. This buy marks the first one filed by Weinberger in the past year. Johnson & Johnson is trading down about 0.6% on the day Friday. Bargain hunters are able to snag JNJ even cheaper than Weinberger did, with the stock changing hands as low as $145.27 in trading on Friday which is 1.3% below Weinberger's purchase price.
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%.