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 Constellation Brands, a filing with the SEC revealed that on Friday, Director William T. Giles purchased 1,000 shares of STZ, at a cost of $186.39 each, for a total investment of $186,390. Investors are able to buy STZ even cheaper than Giles did, with the stock trading as low as $179.87 in trading on Tuesday -- that's 3.5% under Giles's purchase price. Constellation Brands is trading off about 2.3% on the day Tuesday. This purchase marks the first one filed by Giles in the past year.
And at RxSight, there was insider buying on Thursday, by Jesse Anderson Corley who bought 3,210 shares at a cost of $31.15 each, for a trade totaling $100,004. Before this latest buy, Corley made one other purchase in the past year, buying $1.01M shares for a cost of $45.14 a piece. RxSight is trading up about 2.9% 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%.
I feel honored and privileged to have found such a great
Free Email Alerts By Stock:
Launch related slideshow:
Friday 2/14 Insider Buying Report: CMCO, HLIT
Friday 2/14 Insider Buying Report: BHRB, UFI
Thursday 2/13 Insider Buying Report: BPRN, ENTA
S&P 500 Movers: DVA, ABNB
Nasdaq 100 Movers: PANW, ABNB
Dow Movers: PG, CVX
Dow Analyst Moves: IBM
Dow Analyst Moves: VZ
S&P 500 Analyst Moves: CTRA
Friday Sector Laggards: Defense, Metals & Mining Stocks
Friday Sector Leaders: Education & Training Services, Rubber & Plastics
Thursday Sector Leaders: Computer Peripherals, Publishing Stocks
Friday's ETF with Unusual Volume: DRIV
Friday's ETF Movers: KWEB, URA
TLT, UTRN: Big ETF Outflows
Daily Dividend Report: NEE,META,HON,NKE,MAR
Daily Dividend Report: RHI,CSCO,ABBV,PSX,MDLZ
Daily Dividend Report: EXC,KHC,GLW,GILD,KDP
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