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 Gibraltar Industries, a filing with the SEC revealed that on Tuesday, CEO William T. Bosway purchased 19,735 shares of ROCK, for a cost of $37.44 each, for a total investment of $738,833. So far Bosway is in the green, up about 6.1% on their buy based on today's trading high of $39.71. Gibraltar Industries is trading up about 5.6% on the day Wednesday. Before this latest buy, Bosway bought ROCK at 2 other times during the past year, for a total cost of $272,962 at an average of $38.99 per share.
And at Intuit, there was insider buying on Tuesday, by Director Vasant M. Prabhu who purchased 1,750 shares at a cost of $309.52 each, for a trade totaling $541,665. This purchase marks the first one filed by Prabhu in the past year. Intuit Inc is trading up about 2.4% on the day Wednesday.
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%.
ValueForum is like having a thousand set of eyes
Free Email Alerts By Stock:
Launch related slideshow:
Friday 10/9 Insider Buying Report: FEAM, NRXS 
Friday 10/9 Insider Buying Report: IMMR, PHK 
Thursday 10/8 Insider Buying Report: CET, WVVI 
Nasdaq 100 Movers: TMUS, HONIV 
S&P 500 Movers: TMUS, HUM 
Dow Movers: AAPL, HONIV 
S&P 500 Analyst Moves: RCL 
S&P 500 Analyst Moves: DXCM
Dow Analyst Moves: PG 
Friday Sector Laggards: Television & Radio, General Contractors & Builders 
Friday Sector Leaders: Precious Metals, Non-Precious Metals & Non-Metallic Mining Stocks 
Thursday Sector Laggards: Biotechnology, Packaging & Containers 
Friday's ETF with Unusual Volume: FTXR 
Friday's ETF Movers: COPX, NXTG 
Daily Dividend Report: RPM,CSX,ZTS,EPD,NWN
Daily Dividend Report: SBUX,CF,CARR,AGNC,DHC
Daily Dividend Report: MET,NPB,AVNT,GLW,MUR