rangerray
TSP Pro
- Reaction score
- 209
I copied this from a Yahoo article, but my brother in law told me about it last week:
Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty. Insiders continued to take advantage of fallen share prices last week. Here are some of the most noteworthy insider purchases reported in the past week. A director took advantage of a common stock offering to add 1.25 million Carnival Corp (NYSE: CCL) shares. At a share price of $8.00, that cost the director $10.00 million. The stock ended last week's trading at $12.42 per share, which is up 7% or so in the past week but still over 75% lower than at the beginning of the year.
Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty. Insiders continued to take advantage of fallen share prices last week. Here are some of the most noteworthy insider purchases reported in the past week. A director took advantage of a common stock offering to add 1.25 million Carnival Corp (NYSE: CCL) shares. At a share price of $8.00, that cost the director $10.00 million. The stock ended last week's trading at $12.42 per share, which is up 7% or so in the past week but still over 75% lower than at the beginning of the year.
