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.
On Wednesday, Avidia Bancorp's CFO and Treasurer, Jonathan Michael Nelson, made a $50,058 purchase of AVBC, buying 3,240 shares at a cost of $15.45 a piece. Bargain hunters can grab AVBC at a price even lower than Nelson did, with the stock changing hands as low as $14.90 at last check today -- that's 3.6% under Nelson's purchase price. Avidia Bancorp Inc is trading up about 2.2% on the day Thursday. Before this latest buy, Nelson purchased AVBC on 4 other occasions during the past year, for a total investment of $394,260 at an average of $14.71 per share.
And on Tuesday, CEO Ajay K. Amlani bought $38,824 worth of Aware, buying 17,679 shares at a cost of $2.20 a piece. Before this latest buy, Amlani purchased AWRE on 4 other occasions during the past year, for a total investment of $80,540 at an average of $1.62 per share. Aware is trading down about 0.4% on the day Thursday. Amlani was up about 9.3% on the purchase at the high point of today's trading session, with AWRE trading as high as $2.40 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 8.2%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.2%.
ValueForum has meant the difference between mediocre
Free Email Alerts By Stock:
Launch related slideshow:
Friday 7/10 Insider Buying Report: MWA, CNXC
Friday 7/10 Insider Buying Report: WRAP, UUUU
Thursday 7/9 Insider Buying Report: CNM, SWZ
Nasdaq 100 Movers: INTC, HONIV
S&P 500 Movers: MRNA, META
Dow Movers: UNH, HONIV
S&P 500 Analyst Moves: SLB
S&P 500 Analyst Moves: PANW
S&P 500 Analyst Moves: EQT
Friday Sector Leaders: Music & Electronics Stores, Textiles
Friday Sector Laggards: Biotechnology, Drugs
Thursday Sector Laggards: Shipping, Oil & Gas Exploration & Production Stocks
Friday's ETF with Unusual Volume: SIO
Friday's ETF Movers: BIZD, ARKG
XLF, QBUL: Big ETF Inflows
Daily Dividend Report: NWN,TMO,CVS,R,LH
Daily Dividend Report: PSX,EFC,AGNC,UVE,HCI,UNM
Daily Dividend Report: O,MET,EPD,SBUX,MRSH