Tuesday 11/25 Insider Buying Report: FCF, FRSH Tuesday, November 25, 2:45 PM ET
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Monday, First Commonwealth Financial (FCF)'s CEO, T. Michael Price, made a $228,500 buy of FCF, purchasing 25,000 shares at a cost of $9.14 a piece. First Commonwealth Financial is trading up about 0.4% on the day Tuesday. This buy marks the first one filed by Price in the past year.
And on Thursday, Director L. David Mounts bought $199,504 worth of Papa Murphy's Holdings (FRSH), buying 21,682 shares at a cost of $9.20 a piece. Before this latest buy, Mounts made one other buy in the past twelve months, purchasing $88,960 shares for a cost of $8.90 a piece. Papa Murphy's Holdings is trading down about 0.5% on the day Tuesday. So far Mounts is in the green, up about 10.9% on their buy based on today's trading high of $10.21.
For MarketNewsVideo.com, I'm Sayoko Murase.
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