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 BayCom, a filing with the SEC revealed that on Wednesday, Executive Vice Chair William J. Black bought 33,082 shares of BCML, for a cost of $30.17 each, for a total investment of $998,235. So far Black is in the green, up about 2.7% on their buy based on today's trading high of $31.00. BayCom is trading up about 0.1% on the day Monday.
And on Thursday, Director Zillah Byng-thorne bought $521,394 worth of Norwegian Cruise Line Holdings, buying 29,467 shares at a cost of $17.69 a piece. Before this latest buy, Byng-thorne made one other buy in the past year, purchasing $525,335 shares at a cost of $18.11 each. Norwegian Cruise Line Holdings is trading off about 2.4% on the day Monday. Bargain hunters are able to pick up NCLH at a price even lower than Byng-thorne did, with shares trading as low as $16.61 in trading on Monday which is 6.1% under Byng-thorne'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 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.
VF is about finding the next value/growth sector/investment
Free Email Alerts By Stock:
Launch related slideshow:
Tuesday 7/14 Insider Buying Report: EOI, YEXT
Monday 7/13 Insider Buying Report: CMC, GCO
Monday 7/13 Insider Buying Report: NTSK, GLOO
Nasdaq 100 Movers: WDAY, HONIV
S&P 500 Movers: IBM, LITE
Dow Movers: IBM, HONIV
Dow Analyst Moves: MCD
S&P 500 Analyst Moves: SLB
S&P 500 Analyst Moves: PANW
Tuesday Sector Laggards: Sporting Goods & Activities, Medical Instruments & Supplies
Tuesday Sector Leaders: Metals & Mining, Precious Metals
Monday Sector Laggards: Semiconductors, Precious Metals
Tuesday's ETF with Unusual Volume: EUSA
Tuesday's ETF Movers: COPX, IHI
Daily Dividend Report: CMI,UNF,AOS,PCAR,KALU
Daily Dividend Report: BCO,FAST,COKE,CBT,AON,VMC
Daily Dividend Report: NWN,TMO,CVS,R,LH