A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors.
Maybe it’s the 12.6% rebound recovery over the past month. Maybe it’s the fact that the first-quarter earnings reporting season is winding down. But the insider buying kicked into high gear, with several transactions totaling more than $20 million.
Let’s take a quick look at these notable transactions of the past week or so.
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