Bargain hunters better pay close attention to insider buying because while there are many reasons why an insider would sell a stock, the only reason they would use their hard-earned money to make a purchase is probably expecting to make a purchase. money. Today we take a look at two noteworthy recent insider purchases.
At Sachem Capital, an SEC filing revealed that on Wednesday, Chairman and CEO John L. Villano purchased 124,660 shares of SACH, at a cost of $1.61 each, for a total investment of 200,703 $. So far, Villano is in the green, up about 9.3% from his buy based on today’s high of $1.76. Sachem Capital is trading down about 1.2% on Thursday.
And at WillScot Holdings, there was some insider buying on Tuesday, by Gerard E. Holthaus who purchased 5,000 shares at a cost of $34.99 each, for a transaction totaling $174,956. This is the first purchase filed by Holthaus in the last twelve months. WillScot Holdings is trading down about 0.1% on Thursday.
VIDEO: Thursday 11/21 Insider Buying Report: SACH, WSC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/thursday-11-21-insider-buying-report-sach-wsc