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 Tuesday, JetBlue Airways' Director, Nik Mittal, made a $614,340 buy of JBLU, purchasing 100,000 shares at a cost of $6.14 each. Mittal was up about 6.5% on the buy at the high point of today's trading session, with JBLU trading as high as $6.54 at last check today. JetBlue Airways is trading up about 5.6% on the day Thursday. This purchase marks the first one filed by Mittal in the past twelve months.
And also on Tuesday, Aleksandar Milovanovic purchased $108,967 worth of Golden Matrix Group, purchasing 55,313 shares at a cost of $1.97 a piece. Before this latest buy, Milovanovic purchased GMGI on 4 other occasions during the past twelve months, for a total cost of $332,980 at an average of $2.57 per share. Golden Matrix Group is trading up about 2.2% on the day Thursday. Bargain hunters have the opportunity to bag GMGI at a price even lower than Milovanovic did, with shares trading as low as $1.86 at last check today -- that's 5.3% below Milovanovic'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%.
This is the most knowledgable group I've ever been
Free Email Alerts By Stock:
Launch related slideshow:
Tuesday 3/18 Insider Buying Report: MTH, CRGY
Monday 3/17 Insider Buying Report: SON
Monday 3/17 Insider Buying Report: TDW, PTLO
Nasdaq 100 Movers: MSTR, BIIB
S&P 500 Movers: TSLA, MOS
Dow Movers: NVDA, CVX
S&P 500 Analyst Moves: DHR
Dow Analyst Moves: HD
Dow Analyst Moves: CVX
Tuesday Sector Laggards: Rubber & Plastics, Airlines
Tuesday Sector Leaders: Precious Metals, Defense Stocks
Monday Sector Laggards: Credit Services & Lending, General Contractors & Builders
Tuesday's ETF with Unusual Volume: QINT
Tuesday's ETF Movers: COPX, ARGT
BKLN, BDEC: Big ETF Outflows
Daily Dividend Report: SFSBS,MITT,LXP,CTRE,SCVL
Daily Dividend Report: COLD,SUI,RL,WKC,BXMT
Daily Dividend Report: WPC,WPM,UDR,KR,TEL
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