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 Columbus McKinnon, a filing with the SEC revealed that on Thursday, Director Christopher J. Stephens purchased 5,000 shares of CMCO, at a cost of $20.27 each, for a total investment of $101,350. Columbus McKinnon is trading up about 2.5% on the day Friday. Before this latest buy, Stephens purchased CMCO at 2 other times during the past year, for a total investment of $95,405 at an average of $38.16 per share.
And also on Thursday, CEO Nimrod Ben-natan purchased $75,061 worth of Harmonic, purchasing 7,780 shares at a cost of $9.65 a piece. This buy marks the first one filed by Ben-natan in the past twelve months. Harmonic is trading up about 2.8% on the day Friday. Ben-natan was up about 8.5% on the purchase at the high point of today's trading session, with HLIT trading as high as $10.47 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 8.3%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.3%.
Free Email Alerts By Stock:
Launch related slideshow:
Tuesday 3/25 Insider Buying Report: ULTA, TITN
Tuesday 3/25 Insider Buying Report: PEB, ADSK
Monday 3/24 Insider Buying Report: FVR, AEYE
Nasdaq 100 Movers: PDD, CRWD
S&P 500 Movers: CCI, IP
Dow Movers: WMT, CVX
Dow Analyst Moves: WMT
S&P 500 Analyst Moves: GOOGL
Dow Analyst Moves: AMZN
Tuesday Sector Laggards: Biotechnology, Computers
Tuesday Sector Leaders: Television & Radio, Precious Metals
Monday Sector Leaders: Auto Dealerships, Apparel Stores
Tuesday's ETF with Unusual Volume: PHO
Tuesday's ETF Movers: ARGT, URA
RDVI, GENM: Big ETF Inflows
Daily Dividend Report: CMCO,HRL,BKE,NRC,SFD
Daily Dividend Report: EBF,PWR,MRVL,LOW,RITM
Daily Dividend Report: EQR,CL,MOS,LII,LW
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