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.
At NB Bancorp, a filing with the SEC revealed that on Monday, CEO Joseph P. Campanelli purchased 7,000 shares of NBBK, at a cost of $16.26 each, for a total investment of $113,828. NB Bancorp is trading down about 1.1% on the day Friday. Before this latest buy, Campanelli purchased NBBK on 2 other occasions during the past year, for a total investment of $172,274 at an average of $17.23 per share.
And on Thursday, Director Amin Tarang bought $100,894 worth of J.M. Smucker, buying 1,050 shares at a cost of $96.09 each. Before this latest buy, Amin made one other purchase in the past twelve months, buying $100,511 shares for a cost of $114.87 each. J.M. Smucker is trading off about 0.2% on the day Friday. So far Amin is in the green, up about 2.2% on their buy based on today's trading high of $98.21.
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 8.2%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.2%.
Free Email Alerts By Stock:
Launch related slideshow:
Tuesday 5/19 Insider Buying Report: BKKT, DINO
Monday 5/18 Insider Buying Report: PSN, KINS
Monday 5/18 Insider Buying Report: ADC, ZTS
Nasdaq 100 Movers: FER, WDAY
S&P 500 Movers: HCA, NOW
Dow Analyst Moves: AMGN
S&P 500 Analyst Moves: WDAY
Dow Analyst Moves: IBM
Tuesday Sector Laggards: Precious Metals, Metals & Mining Stocks
Tuesday Sector Leaders: Grocery & Drug Stores, Cigarettes & Tobacco Stocks
Monday Sector Laggards: Semiconductors, Electronic Equipment & Products
Tuesday's ETF Movers: AKRE, SLVR
TSLL, WTIB: Big ETF Outflows
SCHG, SLVX: Big ETF Inflows
Daily Dividend Report: HNI,VSH,HRL,MSI,RCKY
Daily Dividend Report: RYN,WLK,AEE,XYL,EXR
Daily Dividend Report: KMB,MLM,LEA,UNP,O