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 Monday, Better Choice’s Director, Lionel F. Conacher, made a $227,359 purchase of BTTR, buying 30,463 shares at a cost of $7.46 a piece. Investors have the opportunity to snag BTTR at a price even lower than Conacher did, with the stock changing hands as low as $2.22 at last check today which is 70.3% below Conacher’s purchase price. Better Choice is trading up about 10.5% on the day Thursday. This purchase marks the first one filed by Conacher in the past year.
And at Easterly Government Properties, there was insider buying on Monday, by CEO Darrell W. Crate who bought 10,000 shares at a cost of $10.91 each, for a total investment of $109,100. Easterly Government Properties is trading up about 0.7% on the day Thursday. Crate was up about 4.0% on the buy at the high point of today’s trading session, with DEA trading as high as $11.35 at last check today.
VIDEO: Thursday 12/26 Insider Buying Report: BTTR, DEA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Source link